Alpha Metallurgical Resources Swings to Q1 Loss, Revenue Declines

MT Newswires Live
09 May

Alpha Metallurgical Resources (AMR) reported a Q1 loss Friday of $2.60 per diluted share, swinging from net income of $9.59 a year earlier.

One analyst polled by FactSet expected a loss of $0.59.

Revenue for the quarter ended March 31 was $532.0 million, down from $864.1 million a year earlier.

Two analysts surveyed by FactSet expected $573.2 million.

Shares of the coal producer were down more than 8% in recent premarket activity.

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