Walter Energy expects lower 4th-quarter met coal prices
Nov 03, 2011 | 05:53 PM
| Lisa Gordon
Tags
coal,
coke,
Walter Energy,
quarterly earnings results,
metallurgical coal prices,
Lisa Gordon
PITTSBURGH — Walter Energy Inc.’s quarterly earnings slipped amid lower volumes from its recently acquired Canadian operations, with metallurgical coal sales prices forecast to fall in the fourth quarter after posting third-quarter gains.
The Birmingham, Ala.-based metallurgical coal and coke producer and exporter posted a 44-percent drop in third-quarter net income to $76.2 million despite sales that rose 48.6 percent to $690.1 million.....
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