Orlando, FL -- (SBWIRE) -- 08/16/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Arch Coal Inc (NYSE:ACI), Walter Energy, Inc. (NYSE:WLT).
Arch Coal Inc (NYSE:ACI) shares dropped 0.65% to $4.58. The company on August 12 announced that Thunder Basin Coal Company's Coal Creek mine employees surpassed 1 million continuous work-hours without a single reportable safety incident on August 7. The national coal industry average is 3.52 incidents per 200,000 employee-hours compared to Coal Creek's total incident rate of zero.
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Additionally, the company on July 30 reported a net loss of $72.2 million, or $0.34 per diluted share, in the second quarter of 2013. Arch's second quarter 2013 adjusted net loss was $60.5 million, or $0.29 per diluted share. In the second quarter of 2012, Arch reported an adjusted net loss of $22.1 million, or $0.10 per diluted share. The company reported second quarter 2013 revenues of $766 million.
Walter Energy, Inc. (NYSE:WLT) shares decreased 0.15% to $13.40. The company on August 1 announced results for the second quarter ended June 30, 2013. The company reported a net loss of $34.5 million, or $0.55 loss per diluted share, in the second quarter 2013, as compared to net income of $31.9 million, or $0.51 per diluted share, in the second quarter of 2012. Second quarter 2013 consolidated revenues totaled $441.5 million, a decrease from $677.6 million in the second quarter of 2012.
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Additionally, the company will begin trading ex-dividend on August 02, 2013. A cash dividend payment of $0.01 per share is scheduled to be paid on September 06, 2013. Shareholders who purchased WLT stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -92% decrease from the prior quarter.
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