Peabody's Second Quarter Earnings Rise, Raises 2011 Outlook

8 years 11 months 4 weeks ago Tuesday, July 19 2011 Jul 19, 2011 Tuesday, July 19, 2011 8:32:00 AM CDT July 19, 2011 in News
By: Associated Press

ST. LOUIS (AP) - Peabody Energy Corp. said its profit rose in the second quarter due to higher coal prices and beefed-up production of Australian coal used in steelmaking.

The world's biggest private-sector coal producer raised its profit outlook for the rest of the year, saying it expects 2011 earnings to be $4.20 to $4.60 per share -- up from $3.50 to $4.50 per share.

Peabody said its net income attributable to common shareholders was $284.8 million, or $1.05 cents per share, in the April-June period. That's up from $206.2 million, or 76 cents, a year earlier.

St. Louis-based Peabody said second-quarter revenue rose 21 percent to $2.01 billion from $1.66 billion the previous year.

On average, analysts polled by FactSet expected Peabody to earn $1.04 per share on revenue of $2.02 billion.

Related Stories

More News

Grid
List
COLE COUNTY - The Cole County Commission is receiving threats after changing ambulance providers and purchasing ambulances from a... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 8:48:00 PM CDT July 14, 2020 in News
OSAGE BEACH - The Osage Beach Planning and Zoning Commission voted 5-2 for the expansion of the local bar and... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 7:26:00 PM CDT July 14, 2020 in News
COLUMBIA (Missourian) - Planned Parenthood and Spectrum Health Care in Columbia have joined a network that provides free or... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 7:22:21 PM CDT July 14, 2020 in News
O'FALLON (AP) — Missouri Gov. Mike Parson said President Donald Trump is focused on and concerned about the possibility that... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 7:13:06 PM CDT July 14, 2020 in News
COLUMBIA - Move-in day for many students is only a couple weeks away and some still haven't signed a lease... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 7:03:00 PM CDT July 14, 2020 in News
(CNN) -- A Covid-19 vaccine developed by the biotechnology company Moderna in partnership with the National Institutes of Health has... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 6:59:12 PM CDT July 14, 2020 in News
JEFFERSON CITY - The same day that Missouri broke a record for new COVID-19 cases , Governor Parson said the... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 6:49:00 PM CDT July 14, 2020 in News
MEXICO - SSM Health, a catholic non-profit that owns St. Mary's Hospital in Mexico has signed a letter of intent... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 6:21:00 PM CDT July 14, 2020 in News
WASHINGTON (AP) — Justice Ruth Bader Ginsburg was being treated for a possible infection and was expected to stay... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 6:03:37 PM CDT July 14, 2020 in News
COLUMBIA – The Washington D.C. NFL football team announced on Monday it will retire the teams name and logo. Washington... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 4:44:00 PM CDT July 14, 2020 in News
COLUMBIA – Former Mizzou basketball player, Sophie Cunningham, tested positive for COVID-19 on June 18th. The WNBA player explains why... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 4:03:00 PM CDT July 14, 2020 in News
COLUMBIA – The Washington Redskins announced in a press release on Monday the team would be retiring its name and... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 4:00:00 PM CDT July 14, 2020 in News
TIPTON – While some schools may not know if the fall will have in-person classes. Some school districts are already... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 3:50:00 PM CDT July 14, 2020 in News
COLUMBIA (Missourian) - A representative from consulting firm Cooperative Strategies laid out the next steps to the Columbia Board... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 3:27:57 PM CDT July 14, 2020 in News
BIRMINGHAM, Alabama - The SEC announced Tuesday the start of the soccer, cross county and volleyball seasons will be postponed... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 3:05:00 PM CDT July 14, 2020 in News
BOSTON (AP) — The Trump administration has rescinded a rule that would have required international students to transfer schools or... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 2:51:00 PM CDT July 14, 2020 in News
(AP) - Tax procrastinators, your time is running out. As the coronavirus pandemic took hold this spring, the federal... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 1:49:16 PM CDT July 14, 2020 in News
KANSAS CITY (AP) — The Kansas City Chiefs have agreed with defensive tackle Chris Jones on a four-year, $85 million... More >>
1 day ago Tuesday, July 14 2020 Jul 14, 2020 Tuesday, July 14, 2020 1:44:00 PM CDT July 14, 2020 in News
Columbia, MO
Broken Clouds 73°
8am 70°
9am 74°
10am 77°
11am 80°