April 2, 2018 / 12:36 PM / 7 months ago

BRIEF-Westmoreland Reports Q4 Earnings Per Share $1.87

April 2 (Reuters) - Westmoreland Coal Co:

* WESTMORELAND REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS

* Q4 EARNINGS PER SHARE $1.87

* ‍CO HAS SUSPENDED SEARCH FOR A PERMANENT CHIEF EXECUTIVE OFFICER UNTIL CONCLUSION OF CAPITAL STRUCTURE NEGOTIATIONS​

* ‍OBTAINED WAIVERS FROM SPECIFIC LENDER GROUPS WITH RESPECT TO POTENTIAL EVENT OF DEFAULT, AS WELL AS CERTAIN OTHER MATTERS​

* ‍WAIVERS PROVIDE WESTMORELAND WITH ADDITIONAL TIME TO CONTINUE NEGOTIATIONS WITH LENDERS REGARDING CHANGES TO CAPITAL STRUCTURE​

* QTRLY REVENUES $363.8 MILLION VERSUS $392.7 MILLION

* ‍ EXPECTS TO FILE ANNUAL REPORT WITH OPINION CONCLUDING SUBSTANTIAL DOUBT EXISTS REGARDING ABILITY TO CONTINUE AS A GOING CONCERN​ Source text for Eikon: Further company coverage: (Reuters.Brief@thomsonreuters.com)

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