Alpha Natural Resources Earnings: Here’s Why Investors are Happy Now

  Google+ | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Alpha Natural Resources, Inc. (NYSE:ANR) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.83%.

Alpha Natural Resources, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.19 in the quarter versus EPS of $-0.07 in the year-earlier quarter.

Revenue: Decreased 24.98% to $1.56 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Alpha Natural Resources, Inc. reported adjusted EPS loss of $-0.19 per share. By that measure, the company beat the mean analyst estimate of $-0.55. It beat the average revenue estimate of $1.55 billion.

Quoting Management: “This was a pivotal quarter for Alpha and concluded a year in which we made tremendous strides across our strategic priorities. Alpha posted strong results in the fourth quarter, reporting adjusted EBITDA of $217 million primarily driven by our ability to control costs in both our Eastern and our Western operations,” said Kevin Crutchfield, Alpha’s chief executive officer.

Key Stats (on next page)…

More Articles About:

To contact the reporter on this story: To contact the editor responsible for this story:

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business