Stock Track | Arch Resources Stock Soars Despite Earnings Miss

Stock Track11-06

Arch Resources Inc.'s stock surged 7.36% on Tuesday, despite the company reporting lower-than-expected earnings for the third quarter of 2024. The coal producer's shares rebounded after an initial sell-off, as investors appeared to focus on analysts' continued positive outlook for the company.

For the quarter ended September 30, Arch Resources reported adjusted earnings of $0.41 per share, missing the average analyst estimate of $1.83 per share. Revenue also fell short, declining 17% year-over-year to $617.9 million, compared to the expected $587.71 million.

Analysts had been lowering their earnings estimates for Arch Resources in recent months, with the mean estimate falling by nearly 50% in the last three months. However, the company's "buy" rating remained intact, with four analysts recommending a "strong buy" or "buy" and only two rating it a "hold".

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The coal producer's shares rebounded after an initial ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARCH","symbol_name":"Arch Resources Inc.","start_time":0,"source_url":"","article_id":"1120319938","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1120319938","pubTimestamp":1730904294,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Arch Resources Inc.'s stock surged 7.36% on Tuesday, despite the company reporting lower-than-expected earnings for the third quarter of 2024. 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