AREC missed EPS expectations by 26.05%
Aug 19, 2024, 8:36 PM
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What does AREC do
American Resources Corp., headquartered in Fishers, Indiana, specializes in extracting and processing metallurgical carbon and rare earth minerals, focusing on the steel and electrification markets. The company, which went public in 2015, operates through subsidiaries like American Carbon Corp and controls multiple mining and processing sites in Kentucky, West Virginia, and Indiana.
American Resources (AREC) reported a negative EPS surprise in its most recent quarterly earnings. For the most recent quarter, American Resources's actual EPS was -$0.09, missing the estimate of -$0.07 per share, resulting in a -26.05% surprise.
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