UPDATE: Patriot Coal Posts Wider Q1 Loss

Patriot Coal Corp

reported a wider first-quarter loss. Patriot Coal posted a quarterly net loss of $75.3 million, or $0.82 per share, versus a year-ago loss of $15.9 million, or $0.17 per share. Its revenue dropped 13% to $502.6 million. Patriot Coal shares closed at $5.38 yesterday.