Thursday, April 18, 2013

Peabody Energy (Coal) 1st Quarter Earnings

Coal miner Peabody Energy Corp. profits slid in the first three months of the year on lower U.S. shipments and prices for its Australian coal. 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.

Revenue fell 14 percent to $1.75 billion.  (Wash Post, 4/18/2013)

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