Peabody’s Q1 Loss Smaller on Expected Increase in Coal Demand

Bloomberg reported that Peabody Energy reported a loss for Q1 that was less than had been anticipated .

As quoted in the market report:

The loss was $23.4 million, or 9 cents a share, compared with net income of $172.7 million, or 63 cents, a year earlier, the St. Louis-based company said today in a statement. Excluding impairment and closing costs, per-share loss beat the 14-cent average of 24 estimates compiled by Bloomberg. Sales declined 13 percent to $1.75 billion from $2.02 billion a year earlier as the company sold less coal.

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