Peabody Energy reports second-quarter loss, misses expectations

MarketsAssociated Press

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.

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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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on BTU at http://www.zacks.com/ap/BTU

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Keywords: Peabody Energy, Earnings Report