Bloomberg reported that Alpha Coal beat analyst estimates with fourth quarter results with a reduction in costs and an increase in exports.
As quoted in the market report:
The net loss narrowed to $127.6 million, or 58 cents a share, from $792.9 million, or $3.62, a year earlier, the Bristol, Virginia-based company said today in a statement. The loss excluding impairment and restructuring charges and other one-time items was 19 cents a share, beating the average of 24 estimates compiled by Bloomberg for a loss of 49 cents. Sales fell 25 percent to $1.56 billion, topping the $1.55 billion average estimate.