Peabody Energy Corp Announces Drop In Q3 Bottom Line, misses estimates

(RTTNews) - Peabody Energy Corp (BTU) reported a profit for third quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings came in at $119.9 million, or $0.82 per share. This compares with $375.1 million, or $2.33 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.99 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 19.4% to $1.08 billion from $1.34 billion last year.

Peabody Energy Corp earnings at a glance (GAAP) :

-Earnings (Q3): $119.9 Mln. vs. $375.1 Mln. last year. -EPS (Q3): $0.82 vs. $2.33 last year. -Analyst Estimates: $0.99 -Revenue (Q3): $1.08 Bln vs. $1.34 Bln last year.