Arch Resources Q2 2024 GAAP EPS $0.81 Misses $1.35 Estimate, Sales $608.750M Beat $562.295M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arch Resources (NYSE:ARCH) reported Q2 2024 GAAP EPS of $0.81, missing the $1.35 estimate by 40%. Sales of $608.75M beat the $562.295M estimate by 8.26%. EPS decreased by 79.95% YoY, and sales decreased by 19.62% YoY.
July 25, 2024 | 10:57 am
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Arch Resources reported Q2 2024 GAAP EPS of $0.81, missing the $1.35 estimate by 40%. Sales of $608.75M beat the $562.295M estimate by 8.26%. EPS decreased by 79.95% YoY, and sales decreased by 19.62% YoY.
The significant miss on EPS and the large YoY decrease in both EPS and sales are likely to negatively impact investor sentiment in the short term, despite the sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100