Alliance Resource Partners LP Q3 adjusted earnings Miss Estimates

(RTTNews) - Alliance Resource Partners LP (ARLP) reported a profit for its third quarter that advanced from the same period last year.

The company's profit totaled $73.73 million, or $0.55 per share. This compares with $60.66 million, or $0.52 per share, in last year's third quarter.

Excluding items, Alliance Resource Partners LP reported adjusted earnings of $72.38 million or $0.55 per share for the period.

Analysts had expected the company to earn $0.75 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.8% to $497.76 million from $453.19 million last year.

Alliance Resource Partners LP earnings at a glance:

-Earnings (Q3): $72.38 Mln. vs. $59.66 Mln. last year. -EPS (Q3): $0.55 vs. $0.45 last year. -Analysts Estimate: $0.75 -Revenue (Q3): $497.76 Mln vs. $453.19 Mln last year.