Update (10:53 a.m.): Updated with Tuesday price information.
Adjusted loss was 60 cents a share, which was wider than the analyst estimate of 42 cents a share, according to Thomson Reuters I/B/E/S. Net loss widened to $124.1 million, or 59 cents a share, from $70 million, or 33 cents a share, in the same period one year earlier.
Revenue was almost flat at $736 million, though this still beat the analyst estimate of $717.7 million.
Arch Coal also trimmed its shipment outlook for 2014 and now expects to ship between 6.3 million and 7.3 million tons of metallurgical coal in 2014, down from its prior estimate of 7.5 million to 8.5 million tons. Reduced met coal prices, greater supply and weaker steel demand have pressured Arch Coal and other coal producers.
The stock was down 6.04% to $4.67 at 10:53 a.m. on Tuesday.
Separately, TheStreet Ratings team rates ARCH COAL INC as a "sell" with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate ARCH COAL INC (ACI) a SELL. This is driven by some concerns, 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 disappointing return on equity, poor profit margins, weak operating cash flow, unimpressive growth in net income and generally high debt management risk."