Investor Alert

April 22, 2021, 7:26 a.m. EDT

Arch Resources loss narrows but misses views

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.

Write to Dieter Holger at dieter.holger@wsj.com; @dieterholger

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