Feb 14 (Reuters) - Alpha Natural Resources Inc, a major U.S. coal producer, reported a narrower net loss on Thursday due to one-time items, but the company's adjusted loss widened and revenue dropped.
For the fourth quarter to Dec. 31, net loss was $128 million, or 58 cents a share, compared with a loss of $793 million, or $3.62, a year earlier. Revenue fell to $1.56 billion, from $2.07 billion.
Excluding an impairment and restructuring charges and other items, the adjusted loss was $41 million, or 19 cents a share, compared with a loss of $19 million, or 9 cents a share.
and you expected a perfect report????? the market looks ahead
this is not Proctor and Gamble, this is a company in an industry that has been hit pretty hard, some of then are making the adjustments,
basic, good post, jmo
the report not very good but depend on how street reacting coal still look bad
Management is doing a good job reducing expenses and adjusting for market conditions. All those shorts that claim ANR is going bankrupt are spewing nonsense. Good luck to all longs- we should see a good day today.