Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (73539)	10/20/2006 9:17:24 AM
From: Paul Kern	Respond to of 206180

DJ Arch Coal 3Q Net More Than Doubled, But Sales Dn 6.8% >ACI DOW JONES NEWSWIRES Arch Coal Inc. (ACI) Friday reported third-quarter earnings of $50.9 million, or 35 cents a share, up from a year-ago profit of $18.9 million, or 13 cents a share. Latest quarter earnings include a gain of $10.3 million from the exchange of coal reserves. Revenue fell 6.8% to $610 million from $654.7 million in the same period a year earlier, due to the disposition of select Central Appalachian operations at the end of 2005. The average estimate of analysts polled by Thomson First Call was for a profit of 40 cents a share in the September quarter on revenue of $671.3 million. The company said its operations in the latest quarter were affected by three scheduled longwall moves, continuing rail challenges, and general weaker pricing conditions. Looking ahead, Arch said it now sees earnings of $1.60 to $1.70 a share for 2006 on a post-split basis, with sales volume of between 125 million and 130 million tons. This view excludes about 8 million pass-through tons related to certain legacy contracts. The company paid a 2-for-1 stock split in May. Wall Street's current consensus estimate is for earnings of $1.97 a share for the year. Arch Coal's stock closed Thursday at $34.26, up 8.5%. -Michael Baron; 415-439-6400; AskNewswires@dowjones.com (END) Dow Jones Newswires 10-20-06 0854ET