Arch Resources (ARCH) Q1 Earnings & Revenues Beat Estimates

Arch Resources (ARCH) reported first-quarter 2024 operating earnings per share of $2.98, which surpassed the Zacks Consensus Estimate of$ 2.79 by 6.8%. However, the bottom line declined from the year-ago quarter’s figure of $10.02.RevenuesTotal revenues were$ 680 million, which beat the Zacks Consensus Estimate of $551 million by 24.5%. However, the top line decreased 21.8% from$ 870 million in the year-ago quarter.Segment DetailsIn the Metallurgical segment, ARCH sold 2.2 million tons of coal, which was on ...