Siéntense en el sillón y vean lo que hace. Imprevisible porque en el pre-market venía muy torcido y ha recuperado un buen trozo aún estando todavía en rojo.
Patriot Coal Corp. (PCX) reported that its fourth-quarter net loss was $38.32 million or $0.42 per share, compared to net income of $7.28 million or $0.08 per share in the same quarter last year.
A restructuring and impairment charge of $13.2 million in the 2011 fourth quarter related primarily to infrastructure and reserves impacted by mine closure decisions made in the fourth quarter.
Revenues in the 2011 fourth quarter were $603.9 million, compared with $528.2 million in the prior-year quarter. Higher revenues in the 2011 quarter resulted from higher selling prices, which increased $10.72 per ton.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.28 per share on revenues of $643.56 million for the quarter. Analysts' estimates typically exclude special items.
For 2012, Patriot currently anticipates sales volume in the range of 27 to 29 million tons, including met coal sales of 7.0 to 7.8 million tons. Based on this volume, the Company expects cost per ton for the Appalachia segment to be between $72 and $78. For the Illinois Basin segment, Patriot expects cost per ton for 2012 to be in the $42 to $46 range.