Massey Posts $7.7 Million First Quarter Losses: Disaster in 2010

Summary


Massey Energy Co. said Monday that it had another money-losing quarter as it struggled to recover from a 2010 explosion that killed 29 miners in West Virginia.

Massey said it lost $7.7 million, or 7 cents per share, in the first three months of 2011, including charges. Massey earned $33.6 million, or 39 cents per share, in first-quarter of 2010.

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Massey Posts $7.7 Million First Quarter Losses: Disaster in 2010

Revenue rose to $949.8 million, compared with $688.6 million in the year-ago quarter. The latest results ...

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