Diamonds and Dogs
2/5/2013
Arch Coal Inc. (ACI)Arch Coal is imploding today, down 12.91% at $6.04. The coal production company saw its shares burn up after it missed on earnings. For the fourth quarter, Arch Coal lost $295.4 million or $1.39 per share. That compares with a profit of $70.9 million or $0.33 per share a year ago. Analysts were expecting better results, with forecasts for a loss of $0.17 per share on revenue of $99.2 million. Management said the loss was larger than expect because of a soft global economy that cut into coal demand, and cheap natural gas becoming more widely used. Arch Coal shares were able to hold on enough to say above its 52-week low of $5.16.
Revlon Inc. (REV)
Revlon is looking good to investors today, up 18.13% at $18.31. The cosmetic company saw its shares gain momentum after crushing earnings estimates. Revlon announced revenue of $391.3 million with an EPS of $0.89. Analysts' estimates were blown away; forecasts were for revenue of $380.4 million or $0.73 per share. The company seems to have beat estimate due to wider margins than last year. Gross margin was 64.4%, 170 basis points better than the prior-year quarter. Operating margin was 21.0%, 230 basis points better, and Net margin was 11.9% which is 180 basis points better. Revlon set a new 52-week high today, by $0.32.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.