Cloud Peak: 3Q Earnings Snapshot
Cloud Peak: 3Q Earnings Snapshot
GILLETTE, Wyo. (AP) _ Cloud Peak Energy Inc. (CLD) on Thursday reported third-quarter earnings of $12.7 million.
The Gillette, Wyoming-based company said it had profit of 16 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The coal miner posted revenue of $233.1 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $244 million.
In the final minutes of trading on Thursday, the company's shares hit $2.10. A year ago, they were trading at $4.43.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLD at https://www.zacks.com/ap/CLD