Higher coal prices, demand boost Arch’s 2d-qtr. earnings
Jul 29, 2008 | 10:31 AM
| Maria Guzzo
Arch Coal Inc., St. Louis, posted record earnings during the second quarter, citing increased pricing and demand.
ARCH COAL INC. (in thousands except per share) 20082007 2nd qtr. ended June 30 Net sales$785,117$598,745 Net income112,99737,552 Per share0.780.26 6 months ended June 30 Net sales$1,484,467$1,170,094 Net income194,14466,276 Per share1.340.46Net income totaled slightly less than $113 million, triple the $37.6 million posted in the same period last year, on sales that rose 31.1 percent to....
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