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BRIEF-Arch Coal posts Q1 adjusted earnings per share $2.55
2017年5月2日 / 上午10点53分 / 5 个月前

BRIEF-Arch Coal posts Q1 adjusted earnings per share $2.55

May 2 (Reuters) - Arch Coal Inc

* Arch Coal Inc reports first quarter 2017 results

* Q1 adjusted earnings per share $2.55 excluding items

* Q1 earnings per share $2.03

* Q1 revenue $600.9 million versus I/B/E/S view $592.7 million

* Q1 earnings per share view $2.19 -- Thomson Reuters I/B/E/S

* Arch Coal Inc - announces capital redeployment plan

* Arch Coal Inc - board has instituted a quarterly cash dividend of $0.35 per share

* Arch Coal - board approved establishment of share repurchase program that authorizes co to purchase up to $300 million of company’s outstanding stock

* Arch Coal Inc- raised its coking coal volume guidance for 2017

* Arch Coal Inc - expects to fund future share repurchases with cash on hand and cash generated from operations

* Arch Coal Inc- for 2017 now expects to sell between 6.7 and 7.1 million tons of coking coal, which excludes PCI coal

* Arch Coal Inc - at end of Q1, Arch’s debt level totaled $334 million, comprised of $300 million term loan and $34 million in equipment financing and other debt

* Q1 earnings per share view $2.19, revenue view $592.7 million -- Thomson Reuters I/B/E/S

* Arch Coal Inc - “international thermal pricing for prompt delivery in asia-pacific region remains reasonably strong”

* Arch Coal - on April 27, entered into inventory-only asset based lending facility and amended its existing accounts receivable securitization facility Source text for Eikon: Further company coverage:

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