Although the supplier and exporter of metallurgical coals posted a net loss of -56 cents per share, the results were better than the Capital IQ Consensus Estimate of a loss of -75 cents per share.
The company's revenue also declined 21% to $1.05 billion, from the 2013 second quarter, but beat analysts' expectations of $1.03 billion.
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Additionally, Alpha Natural was upgraded to "neutral" from "sell" at UBS (UBS) today, as the firm feels the company has improved costs and its cash burn outlook. TheStreet Ratings team rates ALPHA NATURAL RESOURCES INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation: "We rate ALPHA NATURAL RESOURCES INC (ANR) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself." You can view the full analysis from the report here: ANR Ratings Report
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