Investing.com - Arch Resources reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Arch Resources announced earnings per share of $12.89 on revenue of $867.94M. Analysts polled by Investing.com anticipated EPS of $11.21 on revenue of $707.67M.
Arch Resources shares are up 43.8% from the beginning of the year, still down 25.38% from its 52 week high of $175.99 set on April 18. 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 Schlumberger on Friday, who reported EPS of $0.34 on revenue of $5.96B, compared to forecasts EPS of $0.3321 on revenue of $5.91B.
Kinder Morgan had beat expectations on April 20 with first quarter EPS of $0.32 on revenue of $4.29B, compared to forecast for EPS of $0.288 on revenue of $3.75B.
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