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Arch Coal Misses Expectations, Cuts Outlook
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Arch Coal (ACI Quote) posted a 60% plunge in first-quarter earnings, missing Wall Street's expectations and cutting its full-year outlook in response.
The news sent shares down 6.5% in morning trading to $13.91.
During the quarter earnings fell to $30.6 million, or 21 cents a share, compared with $81.1 million, or 56 cents, in the same quarter last year. Analysts expected earnings of 24 cents a share. ...
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