Clarification: Earns-Peabody Jan. 29 Story

ST. LOUIS (AP) â¿¿ In a story Jan. 29, The Associated Press reported that Peabody Energy Corp.'s adjusted fourth-quarter loss, excluding the cost of closing down mines and marking down the value of some of its assets, was $1.12 per share. The story should have specified that when a tax expense of $1.48 per share was also excluded, the adjusted fourth-quarter result came to profit of 36 cents per share. That number topped analysts' expected earnings of 25 cents per share.
Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

If you liked this article you might like

What's Behind the Surge in Energy Stocks

Hillary Clinton Says Prosecuting Individuals is Key to Wall Street Reform