Rhino Resources profit beats estimates on lower costs
Aug 2 (Reuters) - Coal producer Rhino Resource Partners LP reported a better-than-expected profit on lower operating costs.
Net income rose to $13 million, or 46 cents per share, for the second quarter from $9.4 million, or 37 cents per share, a year earlier.
Revenue marginally rose to $90 million.
Analysts had expected earnings of 31 cents per share on revenue of $81.37 million, according to Thomson Reuters I/B/E/S.
Cost of operations fell 11 percent to $60.2 million.
Rhino shares closed at $13.34 on Wednesday on the New York Stock Exchange.
- Ukraine says Russian tanks flatten town; EU to threaten more sanctions |
- F-16s dispatched for unresponsive pilot of small plane near D.C.
- EU wields Russia sanctions threat but timing vague |
- Trapped peacekeepers at Golan Heights moved to secure area: Philippine military chief
- Polish president warns Germany of Putin's 'empire' ambitions