Walter Energy stock takes a beating after failure to meet Q4 estimates

Coal miner Walter Energy’s NYSE-listed stock fell as much as 11% on Tuesday after the miner missed fourth-quarter earnings forecasts and reported a wider adjusted loss, mainly the result of lower volumes sold at lower prices. Excluding special items, Walter Energy reported an adjusted net loss for the fourth quarter ended December of $137.6-million, or $1.97 a share, compared with an adjusted net loss for the prior-year period of $63.6-million, or $1.02 a diluted share.