Investing.com - Alliance Resource (NASDAQ:ARLP) reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Alliance Resource announced earnings per share of $1.250 on revenue of $628.42M. Analysts polled by Investing.com anticipated EPS of $1.580 on revenue of $669.52M.
Alliance Resource shares are up 91% from the beginning of the year, still down 12.27% from its 52 week high of $27.63 set on August 29.
Alliance Resource follows other major Energy sector earnings this month
Alliance Resource's report follows an earnings beat by Exxon Mobil on Friday, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on Friday with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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