Arch Resources, Inc. Reveals Drop In Q3 Profit, but beats estimates

(RTTNews) - Arch Resources, Inc. (ARCH) revealed a profit for third quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $73.69 million, or $3.91 per share. This compares with $181.01 million, or $8.68 per share, in last year's third quarter.

Analysts on average had expected the company to earn $3.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 13.8% to $744.60 million from $863.84 million last year.

Arch Resources, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $73.69 Mln. vs. $181.01 Mln. last year. -EPS (Q3): $3.91 vs. $8.68 last year. -Analyst Estimates: $3.47 -Revenue (Q3): $744.60 Mln vs. $863.84 Mln last year.