Investing.com - Arch Coal reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Arch Coal announced earnings per share of $-3.26 on revenue of $319.5M. Analysts polled by Investing.com anticipated EPS of $-2.48 on revenue of $332.13M.
Arch Coal shares are down 58.15% from the beginning of the year and are trading at $30.02 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Arch Coal follows other major Energy sector earnings this month
Arch Coal's report follows an earnings beat by Equinor ADR on Friday, who reported EPS of $0.2 on revenue of $8.04B, compared to forecasts EPS of $-0.01 on revenue of $9.02B.
Schlumberger had beat expectations on Friday with second quarter EPS of $0.05 on revenue of $5.36B, compared to forecast for EPS of $-0.01 on revenue of $5.37B.
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