Peabody Energy (BTU: Quote) posted second quarter net income attributable to common stockholders of $204.7 million or $0.75 per share, lower than $284.8 million or $1.05 per share a year ago.
Adjusted earnings per share dropped to $0.73 from $1.16 last year. On average, 26 analysts polled by Thomson Reuters expected the company to report earnings of $0.53 per share. Analysts' estimates typically exclude special items.
Revenues were up to $1.998 billion from $1.98 billion last year. Analysts expected revenues of $2.06 billion.
Peabody is targeting third quarter 2012 adjusted EBITDA in the range of $350 to $450 million and adjusted earnings per share of $0.20 to $0.45. Analysts expect earnings of $0.65 per share.
For 2012, total sales are now targeted at 230 to 250 million tons, including Australian sales of 31 to 34 million tons, 185 to 195 million tons from the United States and the remainder from Trading and Brokerage activities.
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by RTT Staff Writer
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