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Thursday, April 18, 2024

Arch Coal Lowers Full-Year Forecast

Courtesy of Benzinga.

Arch Coal Inc (NYSE: ACI) lowered its full-year adjusted earnings forecast for the second time this year.

Arch Coal now projects full-year adjusted earnings of $1 to $1.40 per share, versus its July outlook of $1.75 to $2.15 per share.

Arch Coal is scheduled to report its third-quarter earnings on October 28.

Arch Coal shares dipped 5.14% to close at $14.58 on Friday.

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