Walter Energy Cuts Q4 Forecast

Walter Energy Inc

lowered its Q4 earnings forecast. WLT also cut its output estimate for the year. The company also projected full-year metallurgical coal output between 11.5 million and 13 million metric tons, down from its previous view of 13 million to 14 million metric tons. WLT shares dropped 5.15% to close at $58.75 on Friday.