October 22, 2012 at 19:01 PM EDT
Peabody Beats Estimates
Peabody Energy Corp. (NYSE: BTU) reported sharply lower third quarter earnings of 16 cents per share compared with $1.00 per share in the year ago period but the results surpassed analyst expectations by a wide margin and the company forecast full year earnings ahead of estimates. The stock price surged $3.06 to close at $28.95.

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