Peabody Energy Posts Strong Q1 Results, Beats EPS By $0.07
Apr 19, 2011
Peabody Energy (NYSE:BTU) reported Q1 EPS of $0.67, beating the consensus estimate for $0.60 per share. Revenue for the quarter was up 15% year-over-year to $1.74 billion, in-line with the consensus estimate.
Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce said, "Peabody delivered significant increases in revenues, operating profit, EBITDA and net income in the first quarter. Peabody is advancing multiple growth initiatives to serve the high-growth Asian markets. During the quarter, we made significant progress on a number of Australian mine expansions, entered into Chinese development agreements, expanded Indonesian supply sources, and announced a major throughput agreement for a proposed Western U.S. export facility."
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