ST LOUIS (AP) _ Peabody Energy Corp. (BTU) on Wednesday reported first-quarter earnings of $124.2 million.
On a per-share basis, the St. Louis-based company said it had net income of $1.12. Earnings, adjusted to account for discontinued operations, were $1.15 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The coal mining company posted revenue of $1.25 billion in the period, matching Street forecasts.
Peabody Energy shares have dropped roughly 6% since the beginning of the year, while the Standard & Poor's 500 index has increased 18%. The stock has declined 22% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BTU at https://www.zacks.com/ap/BTU