Peabody Quarterly Profit Rises 32% on Higher Coal Prices

Bloomberg reported that profits of Peabody (NYSE:BTU) were up on increased coal prices.

The market news is quoted as saying:

Peabody, led by Chief Executive Officer Gregory Boyce, 56, benefitted from rising metallurgical coal prices and an increase in shipments. The company’s Australia operations were helped by higher prices that partly offset the effects of record rains.

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