yahoo.com
Jul 24, 2008
Thursday July 24, 9:07 am ET By Jim Suhr, AP Business Writer Arch Coal to report 2nd-quarter results amid high coal prices; analysts optimistic on sector ST. LOUIS (AP) -- Arch Coal Inc., one of the nation's biggest coal producers, reports earnings for the second quarter on Friday before the opening bell. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: Shares of Arch and some other big coal companies have been Wall Street darlings lately, their profits stoked by booming prices of the fossil fuel. In April, Arch reported first-quarter earnings that nearly tripled from a year earlier and handily beat analysts' expectations. The company also lifted its earnings forecast for 2008 to reflect higher prices for international and domestic metallurgical coal, used in steel...
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