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Alpha Natural Resources Earnings Soar |
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Author: 123jump.com Staff
123jump.com
Last Update: 11:31 AM EDT May 05 2008
Alpha Natural Resources reported first quarter revenue rise of 20% to $517 million. In the quarter earnings increased to $25.5 million from $8.3 million and earnings per share rose to 39 cents from 13 cents. Alpha Natural stock rose 8%. Coal margin per ton in the quarter rose 22% to $12.52 on 42% of sales included high priced metallurgical coal. Coal sales volume rose to 6.9 million from 6.6 million tons a year ago. |
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