CNX Coal Resources LP Q3 Profit Declines 66%

(RTTNews) - CNX Coal Resources LP (CNXC) released earnings for third quarter that declined from last year.

The company said its profit declined to $4.92 million, or $0.21 per share. This was lower than $14.39 million, or $0.62 per share, in last year's third quarter.

Analysts had expected the company to earn $0.24 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 14.3% to $69.81 million. This was down from $81.44 million last year.

CNX Coal Resources LP earnings at a glance:

-Earnings (Q3): $4.92 Mln. vs. $14.39 Mln. last year. -Earnings Decline (Y-o-Y): -65.8% -EPS (Q3): $0.21 vs. $0.62 last year. -EPS Decline (Y-o-Y): -66.1% -Analysts Estimate: $0.24 -Revenue (Q3): $69.81 Mln vs. $81.44 Mln last year. -Revenue Change (Y-o-Y): -14.3%