Alpha Metallurgical Resources, Inc. (AMR) has announced its financial results for the third quarter, revealing a decline in earnings compared to the same timeframe the previous year, and falling short of analysts' expectations.
For the quarter, the company posted a net profit of $3.80 million, or $0.29 per share. This represents a significant drop from the $93.81 million, or $6.65 per share, recorded in the third quarter of the prior year.
On average, analysts, as surveyed by Thomson Reuters, had anticipated earnings of $1.03 per share. It's important to note that these estimates generally do not account for special items.
The company's revenue for the quarter decreased by 9.4%, dropping to $671.90 million from $741.82 million in the previous year.
A summary of Alpha Metallurgical Resources, Inc.'s earnings (GAAP) is as follows:
- Net Income (Q3): $3.80 million, compared to $93.81 million last year.
- Earnings Per Share (EPS) (Q3): $0.29, compared to $6.65 last year.
- Revenue (Q3): $671.90 million, compared to $741.82 million last year.
