Alpha Natural Resources Earnings: Here’s Why the Stock is Up 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 1.07%.
Alpha Natural Resources, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.47 in the quarter versus EPS of $-0.27 in the year-earlier quarter.
Revenue: Decreased 31.07% to $1.33 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Alpha Natural Resources, Inc. reported adjusted EPS loss of $0.47 per share. By that measure, the company beat the mean analyst estimate of $-0.58. It beat the average revenue estimate of $1.32 billion.
Quoting Management: “Considering continued difficult market conditions, Alpha delivered solid results during the first quarter of 2013, maintaining a sharp focus on operational execution and building on our recent strategic restructuring,” said Kevin Crutchfield, chairman and CEO. “Our safety performance was outstanding, and stronger than expected shipment volumes and lower unit costs, driven in part by the success of our recent cost control initiatives, helped offset lower realizations on metallurgical coal, resulting in first quarter adjusted EBITDA of $117 million.”
Key Stats (on next page)…