Peabody Energy’s Q2 revenue, loss beat Wall Street expectations

A surprise improvement in coal miner Peabody Energy’s revenue for the three months ended June helped it post a loss a share on Tuesday that beat the average estimate of 22 Wall Street analysts. The NYSE-listed miner, with operations in the US and Australia, reported a 2% year-on-year rise in revenue to $1.76-billion, boosted by a modest 1.5% improvement in total sales of 61.7-million tons of coal.