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News Summary: Coal-mining Peabody's posts 1Q loss

The Associated Press

THE RESULTS: Coal-mining Peabody Energy Corp. reported a loss for the first quarter on weaker U.S. shipments and prices for its Australian coal. The results still beat Wall Street's expectations.

THE NUMBERS: The world's biggest private-sector coal company said its net loss attributable to common shareholders was $23.4 million, or a loss of 9 cents per share. That's down from a profit of $172.7 million, or 63 cents per share, a year earlier. Excluding special charges, the loss was 5 cents per share.

THE OUTLOOK: The company said its second-quarter results would range between a loss of 25 cents per share to a penny per share profit.