Arch Coal Lowers Full-Year Forecast

Arch Coal Inc ACI lowered its full-year adjusted earnings forecast for the second time this year. Arch Coal now projects full-year adjusted earnings of $1 to $1.40 per share, versus its July outlook of $1.75 to $2.15 per share. Arch Coal is scheduled to report its third-quarter earnings on October 28. Arch Coal shares dipped 5.14% to close at $14.58 on Friday.