By Dieter Holger
Arch Resources Inc.'s loss narrowed in the last quarter as prospects for energy and mining companies have brightened.
The St. Louis-based coal company said Thursday that it booked a net loss of $6 million in the first quarter ended March 31, compared with a loss of $25.3 million a year ago. It booked a per-share loss of 40 cents, versus last year's $1.67 a share.
Analysts polled by FactSet expected a loss of 23 cents a share.
Sales fell to $357.5 million in the quarter from $405.2 million a year ago.
The company said it expects sales to pick up in the upcoming second quarter due to improving economic conditions, including higher demand for coking coal to make steel.
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