Arch Coal posts $70M first-quarter loss
Apr 24, 2013 | 03:44 PM
| Stacy Irish
NEW YORK Arch Coal Inc. posted a first-quarter net loss of $70 million in contrast to net income of $1.2 million in the same period last year on revenue that fell 20.6 percent to $825.5 million from nearly $1.04 billion.
The St. Louis, Mo.-based company reported adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $83.6 million for the three months ended March 31, down more than half from $179.8 million a year earlier due to lower sales volumes and weak demand.....
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