Alpha Natural Resources posts 1Q profit, results miss Street expectations

MarketsAssociated Press

Alpha Natural Resources inc. (ANR) on Thursday reported first-quarter net income of $68.2 million, after reporting a loss in the same period a year earlier.

The Bristol, Virginia-based company said it had profit of 30 cents per share. Losses, adjusted for non-recurring gains, were 79 cents per share.

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The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 76 cents per share.

The coal producer posted revenue of $842 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $880.6 million.

The company's shares closed at 82 cents. A year ago, they were trading at $4.36.

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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 ANR at http://www.zacks.com/ap/ANR

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Keywords: Alpha Natural Resources, Earnings Report