Coal miner Consol Energy Inc (CNX.N)announced that a better-than-expected fourth-quarter profit and forecast increased exports of steel-making coal to Asia.
The press release is quoted as saying:
Despite the upbeat outlook, the company’s shares fell 3.2 percent to $48.42 in afternoon trade on the New York Stock Exchange as stocks slumped broadly on concerns about the global economy. President and Chief Executive Officer Brett Harvey said 2010 looked more promising than he thought possible only three months ago.
