Investing.com - Arch Resources reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Arch Resources announced earnings per share of $13.19 on revenue of $805.69M. Analysts polled by Investing.com anticipated EPS of $14.05 on revenue of $744.47M.
Arch Resources shares are up 24.03% from the beginning of the year, still down 2.09% from its 52 week high of $115.68 set on February 11. They are outperforming 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 Exxon Mobil on February 1, who reported EPS of $2.05 on revenue of $84.97B, compared to forecasts EPS of $1.94 on revenue of $85.01B.
Chevron had missed expectations on January 28 with fourth quarter EPS of $2.56 on revenue of $48.13B, compared to forecast for EPS of $3.13 on revenue of $45.34B.
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