{"id":195736,"date":"2023-11-09T15:39:06","date_gmt":"2023-11-09T15:39:06","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=195736"},"modified":"2023-11-09T15:39:06","modified_gmt":"2023-11-09T15:39:06","slug":"ramaco-resources-rallies-on-q3-results-above-estimates","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/bitcoin\/ramaco-resources-rallies-on-q3-results-above-estimates\/","title":{"rendered":"Ramaco Resources Rallies On Q3 Results Above Estimates"},"content":{"rendered":"
Shares of mining company Ramaco Resources, Inc. (METC) are surging more than 17% Thursday morning after reporting better-than-expected third-quarter results. <\/p>\n
The company reported profit of $19.46 million or $0.40 per share for the third quarter, lower than $26.91 million or $0.60 per share in the same quarter a year ago, primarily due to higher expenses.<\/p>\n
Excluding special items, earnings of $0.45 per share beat the average estimate of analysts polled by Thomson-Reuters of $0.44 per share.<\/p>\n
Revenue for the quarter increased to $186.97 million from $136.93 million last year. The consensus estimate was for $159.63 million.<\/p>\n
METC is at $13.75. It has traded in the range of $7.26 – $13.98 in the last 1 year. <\/p>\n