Massey Ready for its Quarterly Earnings Release

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Massey Ready for its Quarterly Earnings Release

Published on Monday, 26 July 2010 13:09 Written by Christopher Lynn

mee New York, July 26th (TradersHuddle.com) - Shares of Massey Energy Company (NYSE:MEE) are trading higher by +2.05% ahead of its quarterly earnings release. Massey, the Richmond, VA based coal producer is expected to release its quarterly results on July 27^th.

Wall Street Analysts consensus calls for a profit of $0.33 a share on $805.23 million revenue.

Massey estimates have a range of $0.45 a share. The high estimate calls for profit of $0.56 a share and the low estimate is calling for a profit of $0.11 a share, a year ago for the quarter the company reported $0.24 a share.

Massey Energy Company (NYSE:MEE) produces, processes, and sells bituminous, low sulfur coal of steam and metallurgical grades. The Company currently operates coal mines in West Virginia, Kentucky, and Virginia. Massey provides its coal to utility, industrial, and metallurgical customers.

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