The results were well short of Wall Street’s expectations and shares fell in premarket trading.

In the January-March quarter, the St. Louis-based company’s net income totaled $1.2 million, or a penny a share. That compares with $55.6 million, or 34 cents a share, a year ago.

Revenue was $1.04 billion, up 19 percent from $872.9 million in the 2011 quarter.

After excluding certain one-time items, Arch reported an adjusted loss of $0.04 per diluted share in the recent quarter.

Analysts surveyed by FactSet expected 16 cents per share on revenue of $1.12 billion.

© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.