Peabody Energy provides preliminary third-quarter update, and stock rallies

Peabody Energy provides preliminary third-quarter update, and stock rallies
·1 min read

Peabody Energy Corp. said Monday it expects to report third-quarter revenue of $670 million to $690 million, net of $238 million of unrealized mark-to-market losses from hedges. The FactSet revenue consensus was $876.8 million. Shares of the coal producer shot up 3.7% in premarket trading. The company said it expects after-tax net loss from continuing operations of $55 million to $75 million, while coal sales to customers were more than $900 million to reached the highest level in seven quarters

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