Arch Resources Q4 EPS $6.07 Misses $7.35 Estimate, Sales $774.02M Beat $706.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arch Resources (NYSE:ARCH) reported Q4 earnings of $6.07 per share, missing the $7.35 estimate, a 73.81% decrease from last year. Sales were $774.02M, beating the $706.66M estimate but down 9.94% from last year.
February 15, 2024 | 11:53 am
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Arch Resources reported lower-than-expected Q4 EPS at $6.07, missing estimates by 17.41%, and a significant decrease from last year's earnings. However, sales exceeded expectations at $774.02M.
The miss in earnings per share (EPS) expectations and the significant year-over-year decrease in earnings are likely to negatively impact investor sentiment towards ARCH in the short term. Although sales exceeded expectations, the overall decrease from the previous year may further contribute to a negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100