Fitch Downgrades Peabody Energy Corp. IDR to 'CCC'

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Go back to Fitch Downgrades Peabody Energy Corp. IDR to 'CCC'

Peabody Energy (BTU) Misses Q2 EPS by 2c

July 28, 2015 8:02 AM EDT

Peabody Energy (NYSE: BTU) reported Q2 EPS of ($0.65), $0.02 worse than the analyst estimate of ($0.63). Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.44 billion.

"Peabody accelerated a number of initiatives in the second quarter to reduce operating costs, create a leaner organization and optimize our portfolio," said Peabody Energy President and Chief Executive Officer Glenn Kellow. "As we manage through extended low-cycle market conditions, Peabody is taking aggressive actions on multiple fronts to preserve and enhance long-term value."

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