AREC missed EPS expectations by 27.45%
Nov 15, 2024, 5:35 PM
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What does AREC do
American Resources, based in Fishers, Indiana, focuses on extracting and processing metallurgical coal for the steel industry, employing 26 people and operating in the Central Appalachian basin. The company went public on August 3, 2015, and owns several subsidiaries, including American Carbon Corp.
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 -$0.13, missing the estimate of -$0.10 per share, resulting in a -27.45% surprise.
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