Low natural gas prices chill Arch Coal quarterly profits

May 01, 2012 | 02:22 PM | Lisa Gordon

Tags  metallurgical coal, Arch Coal, John Eaves, Lisa Gordon

PITTSBURGH — Weakness in the thermal coal market and higher operating costs wreaked havoc on Arch Coal Inc.’s first-quarter earnings.

The St. Louis-based miner posted net income of just $1.2 million, down 97.8 percent from the same period last year despite a 19.1-percent increase in sales to $1.04 billion.....

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