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Arch Coal Lowers Guidance For FY 2011; Spikes Sharply Lower

By Insider Scoop
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Courtesy of Benzinga.

Arch Coal (NYSE: ACI) today announced that it expects its adjusted earnings before interest, taxes, depreciation, depletion and amortization to be in the $900 million to $1.0 billion range for full year 2011, representing the highest level in company history but below the previous range given on July 29, 2011. The company also expects its 2011 adjusted earnings per diluted share to be in the range of $1.00 per share to $1.40 per share, subject to the final determination of purchase price accounting for the acquisition of International Coal Group.

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