Peabody Posts Wider-than-expected Q2 Loss, With Revenues Below Market; Stock Down In Pre-market

(RTTNews) - Peabody Energy Corp. (BTU) reported Thursday a wider-than-expected net loss in its second quarter, compared to prior year's profit on lower revenues, which were below market estimates.

In pre-market activity on the NYSE, Peabody Energy shares were losing around 9.7 percent to trade at $13.94.

In the second quarter, net loss attributable to stockholders was $27.6 million or $0.23 per share, compared to prior year's profit of $199.4 million or $1.42 per share a year ago.

Loss from Continuing Operations was $0.22 per share, compared to profit of $1.43 per share a year ago.

Revenue for the quarter fell to $890.1 million from last year's $1.04 billion.

The Wall Street analysts on average expected the company to report loss of $0.05 per share on revenues of $947.11 million. Analysts' estimates typically exclude special items.

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