Warrior Met Coal, Inc. (HCC) has reported a decline in its second-quarter earnings compared to the same period last year, yet the results surpassed Wall Street's expectations.
The company posted earnings of $70.7 million, or $1.35 per share, down from $82.1 million, or $1.58 per share, in the second quarter of the previous year.
Excluding certain items, Warrior Met Coal, Inc. recorded adjusted earnings of $70.8 million, or $1.35 per share, for the period.
On average, analysts had anticipated earnings of $1.33 per share, as per data compiled by Thomson Reuters, with estimates typically excluding special items.
The company's quarterly revenue saw a 4.4% increase, rising to $396.5 million from $379.7 million the previous year.
Key financial figures for Warrior Met Coal, Inc. (GAAP):
- Earnings (Q2): $70.7 million vs. $82.1 million last year.
- EPS (Q2): $1.35 vs. $1.58 last year.
- Revenue (Q2): $396.5 million vs. $379.7 million last year.
