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What: Shares of coal miner Alpha Natural Resources
So what: Revenue jumped to $2.3 billion, driven by the company's merger with Massey Energy. But the bottom line was truly impressive: Alpha reported adjusted earnings per share of $0.35, crushing the $0.04 analysts had expected.
Now what: Alpha's shares have been on a roller coaster, falling 11% earlier this week as talks in Europe fell apart. But this earnings report showed strong demand, especially out of China, and should ease the fears investors have had recently. I think this is very bullish for coal producers and Alpha in particular as demand continues to grow in emerging markets like China and India.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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