Breaking News Bar
posted: 1/30/2014 10:33 AM

Coal miner Peabody posts narrower 4Q loss

Success - Article sent! close
Associated Press

ST. LOUIS -- Cost cutting at Peabody Energy helped trim its losses by almost 44 percent in the fourth quarter.

The St. Louis coal miner on Thursday reported a loss of $565.7 million, or $2.12 per share during the October-December period. That compares with a loss of $1.01 billion, or $3.78 per share, a year ago.

Revenue fell to $1.7 billion, from $2.01 billion.

For all of last year, Peabody posted a net loss of $524.9 million, or $1.97 per share, on revenue of $7.01 billion. That compares with a 2012 loss of $585.7 million, or $2.19 per share.

Peabody Energy Corp. says it expects adjusted diluted earnings in this year's first three months of a loss of 10 cents to a profit of 14 cents per share.

Article Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.