COAL
Coal miner Walter Energy’s NYSE-listed stock fell as much as 11% on Tuesday after the miner missed fourth-quarter earnings forecasts and reported a wider adjusted loss, mainly the result of lower volumes sold at lower prices. Excluding special items, Walter Energy reported an adjusted net loss for the fourth quarter ended December of $137.6-million, or $1.97 a share, compared with an adjusted net loss for the prior-year period of $63.6-million, or $1.02 a diluted share.
Please enter the email address that you used to subscribe to Research Channel. Your password will be sent to this address.
Don't have any login details?
Free Trial Access