ARC Resources Q2 EPS $0.68 Beats $0.58 Estimate, Sales $1.416B Beat $1.369B Estimate

ARC Resources (TSX: ARX) reported quarterly earnings of $0.68 per share which beat the analyst consensus estimate of $0.58 by 17.24 percent. This is a 70 percent increase over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $1.416 billion which beat the analyst consensus estimate of $1.369 billion by 3.43 percent. This is a 22.81 percent increase over sales of $1.153 billion the same period last year.