Investing.com - Arch Resources reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Arch Resources announced earnings per share of $-0.4 on revenue of $357.5M. Analysts polled by Investing.com anticipated EPS of $-0.5111 on revenue of $320.27M.
Arch Resources shares are up 33.1% from the beginning of the year and are trading at $48.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.11% from the start of the year.
Arch Resources follows other major Energy sector earnings this month
Arch Resources's report follows an earnings missed by Valero Energy on Thursday, who reported EPS of $-1.73 on revenue of $20.81B, compared to forecasts EPS of $-1.56 on revenue of $18.58B.
Baker Hughes A had beat expectations on Wednesday with first quarter EPS of $0.12 on revenue of $4.78B, compared to forecast for EPS of $0.1113 on revenue of $4.8B.
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