ST. LOUIS — Peabody Energy Corp. (BTU) on Monday reported a third-quarter loss of $150.6 million.
The St. Louis-based company said it had a loss of 56 cents per share. Losses, adjusted to account for discontinued operations and non-recurring gains, came to 59 cents per share.
The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 66 cents per share.
The coal miner posted revenue of $1.72 billion in the period, also surpassing Street forecasts. Analysts expected $1.64 billion, according to Zacks.
Peabody expects full-year results to range from a loss of $1.48 per share to a loss of $1.38 per share.
Peabody shares have declined 44 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 2 percent. The stock has declined 40 percent in the last 12 months.
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