Peabody Energy expects earnings to hit a trough in first quarter

Fri Dec 14, 2012 9:01am EST

Dec 14 (Reuters) - Coal miner Peabody Energy Corp said it expects earnings to hit a trough in the first quarter due to lower sales and prices.

The company said U.S. sales would decline by about 2 million tons on weak demand. Prices would fall 5 percent as higher-priced contracts expire.

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