ST LOUIS (AP) - Peabody Energy Corp. (BTU) on Tuesday reported a loss of $1.05 billion in its second quarter.
The St. Louis-based company said it had a loss of $3.84 per share. Losses, adjusted for asset impairment costs and to account for discontinued operations, were 65 cents per share.
The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 59 cents per share.
The coal miner posted revenue of $1.34 billion in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $1.46 billion.
The company's shares closed at $1.06. A year ago, they were trading at $14.99.
Keywords: Peabody Energy, Earnings Report