The Joplin Globe, Joplin, MO


July 23, 2013

Coal-mining Peabody reports lower 2Q earnings

ST. LOUIS — Coal miner Peabody Energy Corp. reports a 56 percent profit decline for the second quarter because of lower pricing.

But the results still beat Wall Street’s expectations, and Peabody shares rose almost 8 percent in morning trading.

St. Louis-based Peabody says its net income attributable to common shareholders fell to $90.3 million, or 33 cents per share, for the April-June period. That’s down from $204.7 million, or 75 cents per share, a year earlier.

Revenue fell by 13 percent to $1.73 billion.

Analysts polled by FactSet on average expected an adjusted loss of 5 cents per share on higher revenue of $1.82 billion.  

Peabody says it expects adjusted diluted earnings per share of between a loss of 16 cents to a profit of 9 cents for the year. Analysts expect a loss of 33 cents per share for the year.

Its shares rose $1.28, or 7.8 percent, to $17.60 in morning trading.


Text Only

Given that the U.S. Supreme Court has ruled that electronic devices and communications are protected from searches and seizure without a warrant, do you think Missouri needs Amendment 9 added to its constitution?

A. Yes.
B. No.
     View Results
Twitter Updates
Follow us on twitter
NDN Video
US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming Traditional African Dishes Teach Healthy Eating