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Arch Coal CEO on 3Q Earnings, Outlook

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  • Description

    Arch Coal CEO Steven Leer on the company’s third-quarter earnings and outlook for coal demand.

  • Duration 1:40
  • Date

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Shares of Arch Coal look at these much much higher by about 10%.

Shaking off disappointing third quarter results that actually misspoke the top and bottom one this is just the intra day.

What this -- Stephen -- is the chairman and CEO of Arch Coal he joins us now live from Saint Louis -- a Fox Business exclusive and and Stephen.

-- -- for you to see you -- like this really got eight cents vs the estimate of twelve cents a share.

Investors analysts.

The market shaking that -- and saying this stock is 10% higher today.

Because it deserves to be what do you attribute that to you know one of the analysts was saying that you have some pretty good contracts that you.

That -- struck that will make it really nice for you at least in the current quarter of next year.

Well -- thank you and and and you're right I mean.

Wouldn't we -- pre announce so.

You know some of the analysts have moved from their numbers around and not everybody had.

But when you look out -- you start looking the next quarter on the next year.

There's a couple things so we were impacted by difficult mining conditions and one of our major -- this last quarter and then.

The floods out in the west disrupt the -- transportation awful hurt.

RP -- be shipments more importantly.

As we've started to expand our metallurgical coal our production and also some of our ultra low sulfur coal production in the -- river basin.

We have signed some attractive contracts.

-- that the utilities gone down over the summer and you know everybody is nervous about the the economic environment here and in Europe but nonetheless.

-- you know the fundamental demand picture for.

Our product -- for electricity -- reason.

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