James River Coal 3rd-quarter loss widens

RICHMOND, Va. - James River Coal Co., a producer of steam and industrial-grade coal, said Thursday its third-quarter loss widened compared with a year-ago period helped by a one-time gain.

The company reported a loss of $21.7 million, or 86 cents per share, compared with a loss of $9.7 million, or 60 cents per share, during the same period last year.

On average, analysts polled by Thomson Reuters forecast a loss of 38 cents per share.

The results for the third quarter of 2007 included a $6.1 million gain related to the company's pension plan.

Revenue rose 17 percent to $151.8 million from $130.1 million during the same period last year. Analysts expected revenue of $160.2 million.

Shares dropped $2.55, or 16 percent, to $13.36 in midday trading. The stock has traded between $4.76 and $62.83 over the past year.

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