Alliance Resource shares are trading lower after the company reported worse-than-expected Q2 financial results. Additionally, the company lowered its FY24 revenue guidance for its coal operations.
Portfolio Pulse from Benzinga Newsdesk
Alliance Resource shares are trading lower after the company reported worse-than-expected Q2 financial results and lowered its FY24 revenue guidance for its coal operations.
July 29, 2024 | 2:29 pm
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NEGATIVE IMPACT
Alliance Resource shares are trading lower due to worse-than-expected Q2 financial results and a reduction in FY24 revenue guidance for its coal operations.
The company's disappointing Q2 results and lowered revenue guidance for FY24 are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100