NEW YORK (TheStreet) -- On the same day that stocks in and around the railroad sector -- including coal -- appeared to be getting a Buffett bounce, Alpha Natural Resources(ANR Quote) was soaring by more than 7% after beating third-quarter forecasts.
Alpha, which stands as the country's third biggest coal producer after closing its merger with Foundation Coal in July, was adding $2.49 to reach $36.78 in the afternoon.
On Tuesday, Alpha said it swung to a loss of $19.5 million, or 19 cents a share, versus an income of $67.4 million, or 93 cents a share, in the year-earlier quarter. But after excluding items -- chiefly costs related to the merger -- Alpha Natural reported an adjusted income at 47 cents a share. Analysts polled by Thomson Reuters expected the operation to show 38 cents a share. ...
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