Peabody lowers guidance due to flooding

Mar 23, 2012 | 03:48 PM |

Tags  metallurgical coal, Peabody, Gregory Boyce, Lisa Gordon

PITTSBURGH — Recent flooding in Australia’s Queensland province will impact Peabody Energy Inc.’s first-quarter earnings, according to the company.

The St. Louis-based metallurgical coal miner said first-quarter earnings before interest, taxes, depreciation and amortization (Ebitda) will be at the low end of its original target of....

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