Investing.com - Arch Coal reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Arch Coal announced earnings per share of $-1.67 on revenue of $405.2M. Analysts polled by Investing.com anticipated EPS of $-0.77 on revenue of $411.17M. That with comparison to EPS of $3.91 on revenue of $555.18M in the same period a year before.Arch Coal had reported EPS of $-0.6 on revenue of $549.48M in the previous quarter.Analysts are expecting EPS of $-0.05 and revenue of $420.2M in the upcoming quarter.
Arch Coal shares are down 2% from the beginning of the year and are trading at $29.54 , down-from-52-week-high.They are outperforming the S&P 500 which is down 13.73% year to date.
Arch Coal follows other major Energy sector earnings this month
Arch Coal's report follows an earnings matched by Schlumberger on Friday, April 17, 2020, who reported EPS of $0.25 on revenue of $7.46B, compared to forecasts EPS of $0.25 on revenue of $7.53B.
Tatneft ADR had missed expectations on Tuesday, March 31, 2020 with first quarter EPS of $2.5 on revenue of $3.08B, compared to forecast for EPS of $3.34 on revenue of $4.26B.
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