Ramaco Resources: Fourth Quarter Earnings Overview

Ramaco Resources Reports Fourth Quarter Loss

Ramaco Resources, Inc., headquartered in Lexington, Kentucky, announced a fourth-quarter net loss of $14.7 million.

According to the company, this equates to a loss of 26 cents per share for the quarter.

These figures fell short of analyst projections, as the consensus from three analysts polled by Zacks Investment Research anticipated a loss of 24 cents per share.

Quarterly revenue reached $128 million, which was also below expectations. Analysts surveyed by Zacks had forecasted revenue of $146.1 million.

For the full fiscal year, Ramaco Resources reported a net loss totaling $51.4 million, or 99 cents per share, with annual revenue amounting to $536.6 million.

This article was produced by Automated Insights using information from Zacks Investment Research.