Peabody Energy Stock Drops Nearly 6% After Missing Earnings Estimates
Peabody Energy's stock fell nearly 6% after the coal mining company reported a significant miss on profitability estimates in its first-quarter earnings report. While revenue improved slightly from the previous year and beat expectations, rising costs hurt the bottom line, leading to a net loss compared to a profit in the same period last year.
Tickers: $BTU
Topics: coal earnings loss Peabody Energy revenue