On Thursday before the opening bell, Peabody Energy Corp. (NYSE: BTU) reported its first quarter earnings beat profit estimates thanks to a rise in output and revenue per ton over in Australia. Australian revenues rose 48 percent, which led to a 17 percent increase in consolidated revenues to $2.04 billion. Peabody’s net income dropped 2.2 percent to $172.7 million ($0.63 cents per share); this compares to $176.5 million ($0.65 cents) from the previous year. Earnings, minus...
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