Arch sees coal recovering

Investor's Business Daily

The mining company said Q3 EPS was 20 cents vs. 3 cents in '11, smashing views of a 16-cent loss. Revenue dipped 9.3% to $1.09 bil, above estimates. Arch Coal (ACI) said coal shipments fell 6% to 37.5 mil tons. The company said metallurgical coal markets are down, but are expected to rebound in the future as infrastructure spending in China and Brazil improves. Shares rose 10.7% to 8.09.

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