Coal miner Peabody 1Q earnings slide
ST. LOUIS — Coal miner Peabody Energy Corp. says its profit slid in the first three months of the year on lower U.S. shipments and prices for its Australian coal. But the results still beat Wall Street's expectations.
The world's biggest private-sector coal company said Thursday that its net loss attributable to common shareholders was $23.4 million, or a loss of 9 cents per share. That compares to a profit of $172.7 million, or 63 cents per share, a year earlier.
Excluding special charges, the St. Louis-based company's loss was 5 cents per share.
Revenue fell 14 percent to $1.75 billion.
On average, analysts polled by FactSet expected a loss of 13 cents per share on revenue of $1.78 billion.
Peabody shares rose 59 cents, or 3.1 percent, to $19.61 in premarket trading.
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close