Peabody Energy Corp Bottom Line Advances In Q2, Beats Estimates

(RTTNews) - Peabody Energy Corp (BTU) announced a profit for its second quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $199.4 million, or $1.42 per share. This compares with $179.2 million, or $1.15 per share, in last year's second quarter.

Analysts on average had expected the company to earn $0.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 17.8% to $1.042 billion from $1.268 billion last year.

Peabody Energy Corp earnings at a glance (GAAP) :

-Earnings (Q2): $199.4 Mln. vs. $179.2 Mln. last year. -EPS (Q2): $1.42 vs. $1.15 last year. -Revenue (Q2): $1.042 Bln vs. $1.268 Bln last year.