UPDATE: Peabody Energy Reports Rise In Q4 Profit, Issues Downbeat Forecast

Peabody Energy Corp (NYSE: BTU) reported a rise in its fourth-quarter profit.

Peabody Energy's quarterly profit surged to $222.4 million, or $0.82 per share, from $210 million, or $0.77 per share, in the year-earlier period. Its adjusted income came in at $0.98 per share. Peabody Energy's revenue climbed to $2.25 billion from $1.79 billion. However, analysts were expecting earnings of $1.33 per share on revenue of $2.37 billion.

Peabody projects adjusted Q1 profit of $0.50 to $0.75 per share, versus analysts' estimates of $1.18 per share.

Peabody Energy shares fell 5.09% to $35.60 in pre-market trading.