India, May 9 -- Alpha Metallurgical Resources, Inc. (AMR) on Friday reported a loss in its first quarter, compared to prior year's profit, hurt by weak revenues and volume. Further, the company reduced its guidance for metallurgical coal sales volume and capex for fiscal 2025.
In the pre-market activity on the NYSE, Alpha shares were losing around 8 percent to trade at $114.00.
In the first quarter, the supplier of metallurgical products for the steel industry reported net loss of $33.9 million, compared to profit of $127.0 million a year ago. Loss per share was $2.60, compared to profit of $9.59 last year.
Two Wall Street analysts, on average, expected the company to report loss of $1.06 per share. Analysts' estimates typically exclude ...