Alpha Metallurgical Q2 EPS $12.16 Beats $9.32 Estimate, Sales $858.37M Beat $745.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alpha Metallurgical (NYSE:AMR) reported Q2 earnings of $12.16 per share, beating the analyst consensus estimate of $9.32 by 30.47%. However, this is a decrease from $29.97 per share from the same period last year. The company also reported quarterly sales of $858.37 million, beating the analyst consensus estimate of $745.00 million by 15.22%, but this is a 35.77% decrease from sales of $1.34 billion the same period last year.
August 04, 2023 | 3:09 pm
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Alpha Metallurgical's Q2 earnings and sales beat analyst estimates but are down compared to the same period last year. This mixed result could lead to uncertain short-term price movements.
While Alpha Metallurgical beat analyst estimates for Q2 earnings and sales, the fact that these figures are down compared to the same period last year could lead to uncertainty among investors. This could result in neutral short-term price movements as investors weigh the positive of beating estimates against the negative of year-on-year decreases.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100