The world’s biggest private-sector coal company says net income totaled $42.9 million, or 16 cents per share, down from $274.1 million.
Peabody hurt by lower prices for coal and competition from cheaper natural gas.
The company also said it expects a second-quarter loss but anticipates a third-quarter profit.
Demand softened for coal used by utilities to generate electricity due to unseasonably warm weather.
Revenue climbed to $1.71 billion from $1.22 billion.
- Chelsea vs Manchester City... Namaste: Yoga Poses For... Busch Stadium Transforming... Tornado Rips Through Oklahoma...
- Circus Flora Tent Arrives in... Baseball Shots Of The Week –... Local Artists Find Success on... Annie Malone Parade 2013
- Landmarks Association Unveils... Best Summer Dishes CBS 2013-2014 Prime Time Shows Ballpark Village Starting To...
- 2013 Tour de Grove Flash Forward: Concept Cars... Hazardous Household Waste... Baseball Shots Of The Week –...
- RT @KMOXKilleen: Smell that Smoke! A burning plastic, foul garbage smell rising in the smoke from Bridgeton landfill dig. http://t.co/HTA… 1 hour ago
- RT @damianpaletta: I'll be on @KMOX in a few minutes with @charliekmox talking about #IRS. Tune in St. Louis! 6 hours ago
- RT @DebbieMonterrey: @LarryConnersUSA joins @charliekmox and me on @KMOX at 9:05 stlouis.cbslocal.com/#listen-live 7 hours ago
- RT @KMOX: 9:05a-Charlie & Debbie talk with fired KMOV Anchor Larry Conners. kmox.com/listen 7 hours ago