Alpha Metallurgical Resources shares are trading lower after the company reported preliminary Q3 sales volume and realizations while it lowered its FY23 metallurgical coal shipment guidance.
Portfolio Pulse from Benzinga Newsdesk
Alpha Metallurgical Resources has reported preliminary Q3 sales volume and realizations, and has lowered its FY23 metallurgical coal shipment guidance. This has led to a decrease in the company's share price.
October 12, 2023 | 2:36 pm
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Alpha Metallurgical Resources' shares are trading lower after the company reported preliminary Q3 sales and lowered its FY23 shipment guidance.
The company's lower than expected Q3 sales and reduced shipment guidance for FY23 indicate potential operational and market challenges, which are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100