Investing.com - Arch Resources reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Arch Resources announced earnings per share of $-12.64 on revenue of $382.3M. Analysts polled by Investing.com anticipated EPS of $-1.04 on revenue of $373.7M.
Arch Resources shares are down 48.12% from the beginning of the year, still down 58.38% from its 52 week high of $89.42 set on October 22, 2019. They are under-performing the EUR/USD which is down 0% from the start of the year.
Arch Resources follows other major Energy sector earnings this month
Arch Resources's report follows an earnings beat by Schlumberger on October 16, who reported EPS of $0.16 on revenue of $5.26B, compared to forecasts EPS of $0.13 on revenue of $5.4B.
Valero Energy had beat expectations on Thursday with third quarter EPS of $-1.16 on revenue of $15.81B, compared to forecast for EPS of $-1.31 on revenue of $15.95B.
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