=Arch Coal (ARCH) reported earnings on Tue 23 Oct 2018 (b/o)

Arch Coal beats by $3.33, beats on revs

Reports Q3 (Sep) earnings of $6.33 per share, excluding non-recurring items, $3.33 better than the S&P Capital IQ Consensus of $3.00; revenues rose 3.2% year/year to $633.2 mln vs the $562.34 mln S&P Capital IQ Consensus. "Given our top-tier asset base and our outlook for another strong year of cash generation in 2019, we view our substantial and ongoing buyback program as a highly effective mechanism for enhancing shareholder value," said John T. Drexler, Arch's chief financial officer." Looking ahead, Arch is well-positioned to capitalize on sustained strength in global coking and international thermal markets, while generating solid margins in a tough but improving domestic thermal marketplace," the company said. Sees total sales volume for 2018 between 89.3 - 93.7 million of tons