Peabody Energy Corp (BTU) released a profit for first quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings came in at $39.6 million, or $0.29 per share. This compares with $268.5 million, or $1.68 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 27.7% to $983.6 million from $1.36 billion last year.
Peabody Energy Corp earnings at a glance (GAAP) :
-Earnings (Q1): $39.6 Mln. vs. $268.5 Mln. last year.
-EPS (Q1): $0.29 vs. $1.68 last year.
-Revenue (Q1): $983.6 Mln vs. $1.36 Bln last year.
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