Shares of Peabody Energy (NYSE: BTU) shot through the roof today, gaining as much as 9.8% as of 2:15 p.m. EDT. I'd urged investors to watch the coal stock closely , as investor interest was already building up in the days ahead of its quarterly earnings release on July 29, thanks to the recent surge in coal prices. Peabody Energy didn't disappoint its bulls.
Thursday morning, Peabody Energy released its second-quarter earnings report. Here are some notable numbers:
With those numbers, Peabody Energy handily crushed consensus estimates on both its top and bottom line, which sent the stock soaring.
For further details see:
Why Peabody Energy Stock Shot Through the Roof Today