UPDATE: Patriot Coal Posts Wider-Than-Expected Q4 Loss

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.