Arch Coal posts lower-than-expected 3Q loss
ST. LOUIS — Coal producer Arch Coal Inc. on Tuesday posted a lower-than-expected loss of $128.4 million in the third quarter as reduced expenses helped temper weaker coal prices.
The St. Louis-based company -- among the world's biggest coal producers -- lost 61 cents per share in the July-through-September period. That compares with net income of $45.8 million, or 22 cents per share, a year earlier.
Excluding one-time items, Arch said it lost $1.8 million, or a penny per share. That's down from an adjusted profit of $41.8 million, or 20 cents per share, last year.
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