Patriot Coal Corp PCX reported a wider-than-expected fourth-quarter loss.
Patriot Coal posted a quarterly net loss of $38.3 million, or $0.42 per share, versus a year-ago net profit of $7.2 million, or $0.08 per share. Its revenue surged 14.3% to $603.9 million. However, analysts were expecting a loss of $0.28 per share on revenue of $643.56 million.
Patriot Coal shares closed at $7.72 yesterday.
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