Arch Coal Q3 Profit Falls 74%, Still Beats View (ACI)
Posted on October 30, 2009 at 11:30 AM EDT
Coal producer Arch Coal, Inc. (ACI) said Friday that its third quarter profit plunged 74% from last year, hurt by lower revenue due to lower coal prices and shrinking demand. The St. Louis-based company reported third quarter net income of $25.2 million, or 16 cents per share, down from $97.8 million, or 68 cents per share, [...]