Investing.com - Arch Resources reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Arch Resources announced earnings per share of $4.92 on revenue of $594.4M. Analysts polled by Investing.com anticipated EPS of $5.18 on revenue of $491.87M.
Arch Resources shares are down 11% from the beginning of the year, still down 8.03% from its 52 week high of $105.58 set on October 4. They are under-performing the S&P 500 which is up 21.58% 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 Friday, who reported EPS of $0.36 on revenue of $5.85B, compared to forecasts EPS of $0.3568 on revenue of $5.94B.
Valero Energy had beat expectations on Thursday with third quarter EPS of $1.22 on revenue of $29.52B, compared to forecast for EPS of $0.9216 on revenue of $24.97B.
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