Recap: Arch Resources Q2 Earnings

Shares of Arch Resources ARCH moved higher by 1.5% after the company reported Q2 results.

Quarterly Results

Earnings per share were down 192.35% over the past year to ($3.26), which missed the estimate of ($2.50).

Revenue of $319,521,000 declined by 43.97% from the same period last year, which beat the estimate of $300,400,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Technicals

Company's 52-week high was at $92.37

52-week low: $21.80

Price action over last quarter: Up 27.70%

Company Overview

Arch Resources Inc is a producer of metallurgical and coking coal. The company sells its coal to power plants, steel mills, and industrial facilities. It operates more than eight active mines in the United States. The company sells thermal coal and generates most of the revenue from it.