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Arch Coal +3.5% on smaller than expected loss, cost controls improve

Jul. 29, 2014 10:33 AM ETArch Resources, Inc. (ARCH) StockWLT, BTU, WLB, ARLP, ARCH, RNO, KOL, ROCC, ANRBy: Carl Surran, SA News Editor3 Comments
  • Arch Coal (ACI +3.5%) moves higher after its Q2 earnings loss came in better than expected as operating costs per ton fell 7%.
  • Q2 sales fell 7% Y/Y to $713.8M, missing analyst consensus, but operating costs per ton fell to $20.55 from $21.19.
  • ACI lowers its FY 2014 sales volume targets, including cutting its thermal sales volumes forecast to 124M-130M tons from 124M-132M tons to reflect the effects of transportation bottlenecks and the impact of a fall in steel production.
  • Other coal names also are higher: ANR +4.3%, ARLP +2.4%, PVA +1.9%, WLB +1.9%, BTU +1.4%, RNO +0.9%, WLT +0.8%, KOL +0.4%.

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