07:08 AMJames River Coal Company (JRCC): Q2 EPS of $0.59 misses by $0.19. Revenue of $172M (+25%) vs. $189M. Issues downside FY '09 EPS guidance of $2.25-2.60 vs. prior $3.30-3.80. (PR)
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08:26 AMJames River Coal (JRCC): "We believe that the volatility in financially traded coal contracts has been greatly influenced by factors other than the underlying supply and demand for coal," including tight credit conditions on several large traders. Expects the impact of these factors will be reduced during the next several months. (PR)
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08:24 AMJames River Coal (JRCC): Q3 EPS of -$0.86 misses by $0.48. Revenue of $152M (+16.7%) vs. $160M. Shares -22%. (PR)
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11:47 AM
Coal prices plunged by $20 (about 10%) Wednesday due to a "a long-awaited correction." Red-hot coal stocks are down sharply: JRCC -11.65%. ACI -11.4%. MEE -10.5%. ANR -9.5%. CNX -9.3%. FCL -8.1%. ICO -6.6%. FDG -6.1%. BTU -6%.
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