Investing.com - Arch Resources reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Arch Resources announced earnings per share of $1.66 on revenue of $450.4M. Analysts polled by Investing.com anticipated EPS of $0.9767 on revenue of $368.03M.
Arch Resources shares are up 42.56% from the beginning of the year and are trading at $62.40 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Arch Resources follows other major Energy sector earnings this month
Arch Resources's report follows an earnings beat by Schlumberger on Friday, who reported EPS of $0.3 on revenue of $5.63B, compared to forecasts EPS of $0.2593 on revenue of $5.51B.
Baker Hughes had missed expectations on July 21 with second quarter EPS of $0.1 on revenue of $5.14B, compared to forecast for EPS of $0.1564 on revenue of $4.94B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar