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