Market Overview

UPDATE: Alpha Natural Posts Wider Q2 Adjusted Loss

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Alpha Natural Resources (NYSE: ANR) reported a wider second-quarter adjusted loss.

Alpha Natural posted a quarterly net loss of $185.7 million, or $0.84 per share, versus a year-ago loss of $2.23 billion, or $10.14 per share. Excluding one-time items, its adjusted loss widened to $129.2 million, or $0.59 per share, versus a year-ago loss of $72.3 million, or $0.33 per share.

Its revenue declined to $1.34 billion from $1.85 billion. However, analysts were estimating a loss of $0.59 per share on revenue of $1.24 billion.

Alpha Natural shares closed at $5.44 yesterday.

 

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