Peabody Energy Earnings: Here’s Why Investors Are Mixed

  Google+ | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Peabody Energy Corp. (NYSE:BTU) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. Shares are down 0.12%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

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…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business