Reuters logo
Arch Coal loss grows due to weak metallurgical coal markets
April 22, 2014 / 11:56 AM / 3 years ago

Arch Coal loss grows due to weak metallurgical coal markets

April 22 (Reuters) - U.S. coal miner Arch Coal Inc’s net loss grew 77 percent in the first quarter due to weak demand and prices for steel-making metallurgical coal and disruptions in rail service.

The net loss rose to $124.1 million, or 59 cents per share, in the quarter ended Mar. 31, from $70 million, or 33 cents per share, a year ago.

Revenues was nearly flat at $736 million. (Reporting by Swetha Gopinath in Bangalore)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below