Arch Resources Q3 EPS $3.91 Beats $3.47 Estimate, Sales $744.60M Beat $637.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arch Resources reported Q3 earnings of $3.91 per share, beating the analyst consensus estimate of $3.47 by 12.68%. However, this is a 54.95% decrease from the same period last year. The company also reported quarterly sales of $744.60 million, surpassing the analyst consensus estimate of $637.90 million by 16.73%, but this is a 13.80% decrease from the same period last year.
October 26, 2023 | 10:58 am
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NEUTRAL IMPACT
Arch Resources' Q3 earnings and sales beat estimates but are down YoY. This mixed result could lead to uncertain market reactions.
Arch Resources beat Q3 estimates, which is generally positive for the stock. However, the YoY decreases in earnings and sales could be a concern for investors, leading to potential uncertainty in the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100