Walter Energy Reports Larger than Expected Quarterly Loss

CNBC reported that the stock price for Walter Energy dropped after the company missed analysts estimates with their Q4 results, blaming lower coal prices.

As quoted in the market report:

The company said metallurgical coal prices averaged $149 per tonne in the fourth quarter, 22 percent lower than in the third quarter, and 39 percent lower than the fourth quarter of 2011.

To view the whole CNBC report, click here.