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>>>Yesterday Arch Coal (ACI) said third-quarter net income more than tripled to $97.8 million, or 68 cents a share, from $27.3 million, or 19 cents a share in the year-ago period. Revenue increased to $770 million from $599 million.
Oct 28 09:41 am
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All Comments by captainccs »Don't Ignore Coal at Current Lows [View article]
Yes, but that was with oil was at $140 a barrel. Future earnings reports will come with oil at $60 a barrel. Coal revenue will be depressed by lower oil prices and when the negative "earnings surprises" come in, coal shares will get hammered.