Peabody (BTU) CEO Boyce Sees 120M Tons of U.S. Coal Exports in FY12, China Slowdown is 'Manageable'
- Top 10 News for 10/27 - 10/31: Fed Ends Easing; Q3 was Tough on Social Media Giants; Apple CEO Cook Gets Personal
- With U.S. Fed Taking Foot Off the Pedal, BoJ and Japan's Pension Fund Accelerate
- ExxonMobil (XOM) Tops Q3 EPS by 18c
- AbbVie (ABBV) Tops Q3 EPS by 12c
- UPDATE: Virgin Galactic Reports Anomaly with Spaceship Two; One Fatality Confirmed
Peabody Energy Corp. (NYSE: BTU) shares are moving higher Tuesday following comments from CEO Greg Boyce on today's conference call.
- The slowing in China appears to be "manageable";
- Significant recovery in U.S. coal "not yet at hand";
- U.S. coal exports should be about 120 million tons in 2012;
- U.S. coal use should rebound in 2013; and
- He's cautious amid China and European economic slowdowns
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: GoPro (GPRO) sees Q4 revs of $550M - $580M; Est. at $500M; Guides Q4 EPS Above Views
- Peabody Energy (BTU) Director Buys 9K Shares
- Gain Capital (GCAP) to Acquire City Index in Net $82M Deal
Create E-mail Alert Related CategoriesConference Calls, Guidance, Insiders' Blog
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!