GILLETTE, Wyo. (AP) _ Cloud Peak Energy Inc. (CLD) on Thursday reported third-quarter net income of $2.6 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Gillette, Wyoming-based company said it had net income of 3 cents.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The coal miner posted revenue of $248.9 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $261.1 million.
In the final minutes of trading on Thursday, the company's shares hit $4.49. A year ago, they were trading at $5.26.
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