Arch Coal (ACI) generated $389.4 million from its Powder River basin (or PRB) segment in 3Q 2014, down from 3Q 2013’s $420.5 million. The drop in revenues was a result of lower shipments.
Arch Coal runs two surface mines producing thermal coal in the Powder River Basin (or PRB) in Wyoming. Black Thunder is the second-largest coal mine in the US.
Arch Coal (ACI) generated revenues of $272.4 million from Appalachia in 3Q 2014, marginally up from 3Q 2013’s $263.2 million.
The company produces both thermal and metallurgical coal (used in steelmaking) from its seven active mines in the Appalachian region.
Among major coal producers (KOL) in the US, Arch Coal Inc. (ACI) is probably the most diversified in terms of geographic and product profile.
Northrop Grumman (NOC) gave a positive outlook for the coming quarter and next year. The fourth quarter is usually a good quarter for NOC. It’s expected to bring in positive cash flows for the company.
With the application of the MAP-21 extension, NOC’s CAS pension expense for 2014 is expected to be ~$380 million. The previous estimate was $560 million.
Shares were trading in a tight range of 120–125 until the week of the results. However, the results had a positive impact on NOC’s stock performance.
Northrop Grumman (NOC) experienced a decline in its order backlog for the past few quarters. The decline was mainly due to the cut in defense spending.
When top lines tumbled, Northrop Grumman (NOC) managed to effectively deploy its long-term strategy. The strategy involves creating shareholder value through share repurchases and paying dividends.
Northrop Grumman Corporation (NOC) is one of the most important defense contractors for the US government. The government and its state and national intelligence agencies contributed to ~87% of NOC’s total revenues in FY13.
The Aerospace segment is Northrop Grumman’s (NOC) highest contributor. It contributed ~41% of the company’s total third quarter revenues. The segment was still NOC’s strength.
Among NOC’s business segments, the Aerospace segment contributes the highest revenue—as much as 41%. The segment also enjoys a 25.8% market share in the Aerospace market.
Northrop Grumman Corporation (NOC) is a global defense company. It manufactures defense products. The company provides innovative products and solutions in various segments.
Now that AES Corporation’s earnings for fiscal 2014 are anticipated to be lower than earlier estimates, the guidance range for fiscal 2015 has been lowered by $0.05 per share.
AES Corporation’s operating income was down by $185 million in the first three quarters of 2014 compared to the same period last year.
AES Corporation (AES) reported EBITDA margins of 24.3% in the third quarter of 2014. Year-over-year EBITDA margins had dropped from 28.1% in 3Q13.
While some of the company’s strategic business units performed well during the quarter, Brazil and Asia dragged earnings for AES compared to the same quarter last year.
Earnings beat consensus analyst estimates in 3Q14, but AES’ share price tumbled by more than 6% on result day due to management’s lowering of the 2014 guidance range.
On the day that AES announced its 3Q14 results, stock opened lower. By market close, it was down 6.4% from the previous day.