January 29, 2013 at 10:00 AM EST
Peabody Energy Reports Q4 Loss on Continued Coal Weakness (BTU)

Coal producer Peabody Energy Corporation (BTU) reported a fourth quarter net loss and a decline in revenue on Tuesday.

The St. Louis, MO based company reported a fourth quarter net loss of -$1.01 billion, or -$3.78 per share, compared with last years earnings of $222.4 million, or 82 cents per share. Excluding special items, the company reported a net loss of -$295.2 million, or -$1.12 per share, compared to last years earnings of $237.5 million, or 98 cents per share last year. Analysts expected to see a profit of 25 cents per share for the quarter.

Fourth quarter revenue came in at $2.02 billion, down from $2.23 billion last year, but beating analysts’ estimate of $1.93 billion.

For the first quarter, BTU expects to see a net loss in the range of -$200 million, or -4 cents per share to -$270 million, or -26 cents per share. Analysts are expecting a loss of -9 cents per share.

Peabody Energy shares were up $1.23, or 4.89% during Tuesday morning trading. The stock has dropped -28% in the past year.

The Bottom Line
Shares of Peabody Energy Corporation(BTU) have a 1.35% yield, based on Monday’s closing price of $25.16.

Peabody Energy Corporation(BTU) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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