India, Feb. 20 -- Core Natural Resources, Inc. (CNR) Thursday announced a sharp fall in fourth quarter earnings on reduced revenue compared to the prior year.
The quarterly earnings were $30.82 million, down from $157.07 million last year. On a per share basis, earnings were $1.04, lower than $5.05 per share a year ago. Further, the company's board has given authorisation to buyback $1 billion shares.
Total revenue and other income declined to $595.29 million from $649.44 million a year ago.
The Core board has declared quarterly dividend of $0.10 per share, payable on March 17, to stockholders on record March 3, 2025.
Looking ahead, the company projects merger-related cash expenditures of around $100 million during 2025, and expenditure...