Peabody Energy Earnings: Here’s Why Investors Are Mixed
Peabody Energy Corp. (NYSE:BTU) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. Shares are down 0.12%.
Peabody Energy Corp. Earnings Cheat Sheet
Results: Net loss to $1 billion (loss of $1.12 per diluted share) in the quarter versus a net loss of $222.3 million in the year-earlier quarter.
Revenue: Decreased 7.72% to $2.02 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Peabody Energy Corp. reported adjusted net loss of $1.12 per share. By that measure, the company missed the mean analyst estimate of $0.25. It beat the average revenue estimate of $1.93 billion.
Quoting Management: “Peabody generated solid 2012 operating performance, as record U.S. margins, rising Australian volumes and aggressive cost containment helped offset the significant impact of lower seaborne coal pricing,” said Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce…