Arch Coal (ACI) ties its slip in Q3 profits to flooding in the Midwest as it keeps a positive...

|About: Arch Coal Inc (ARCH)|By:, SA News Editor

Arch Coal (ACI) ties its slip in Q3 profits to flooding in the Midwest as it keeps a positive long-term outlook for the global coal market. Though the company concedes "short-term uncertainty," it points to widescale construction of coal-based power plants and large infrastructure needs in Asia and South America as boosting seaborne coal trade over the long haul. Updated EPS guidance falls in at $1.00-$1.40, compared to analysts' consensus of $1.28. Shares -4.6% premarket.