Peabody Energy Profit Rises on Higher Coal Prices

Bloomberg.com reports that coal prices have sent Peabody Energy’s (NYSE:BTU)  Q4 profits up significantly.

The story is quoted as saying:

Net income climbed to $210 million, or 78 cents a share, from $92.2 million, or 34 cents, a year earlier, St. Louis-based Peabody said today in a statement. The company was expected to earn 76 cents a share, according to the median of seven analyst estimates compiled by Bloomberg. Sales rose 17 percent to $1.82 billion from $1.55 billion

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