Westmoreland posts 4Q profit

1200x800 (3)

ENGLEWOOD, Colo. (AP) _ Westmoreland Coal Co. (WLB) on Monday reported fourth-quarter net income of $35.1 million, after reporting a loss in the same period a year earlier.

The Englewood, Colorado-based company said it had profit of $1.87 per share.

The wireless spectrum license company posted revenue of $363.8 million in the period.

For the year, the company reported that its loss widened to $71.3 million, or $3.82 per share. Revenue was reported as $1.38 billion.

The company’s shares closed at 44 cents. A year ago, they were trading at $14.68.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WLB at https://www.zacks.com/ap/WLB

Source Article

Be the first to comment

Leave a Reply

Your email address will not be published.


*