On Thursday, Shares of Peabody Energy Corporation (NYSE:BTU), gained 5.06% to $1.87, after the coal mining company warned that it anticipates lower earnings and EBITDA in the second quarter.
Peabody Energy said it now anticipates a $40 million charge related to heavy rains and flash flooding in the Southern Powder River Basin in Montana. Production was cut by 5 million to 5.5 million tons in June.
In addition, the company said it anticipates earnings to drop by $20 million in the second quarter due to the lower pricing on Australian metallurgical coal.
Peabody Energy Corporation offers mining of coal. The company operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments. It is involved in mining and sale of thermal coal to electric utilities and metallurgical coal for industrial customers.
Shares of KeyCorp. (NYSE:KEY), declined -1.50% to $15.08, during its last trading session.
KeyCorp, will declare second quarter 2015 earnings on Thursday, July 16, 2015, before the market opens. A conference call will be held at 9:00 a.m. ET to review financial results, strategy and outlook.
KeyCorp operates as the bank holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States.
Finally, Kraft Foods Group, Inc. (NASDAQ:KRFT), ended its last trade with -0.12% loss, and closed at $88.19.
The Kraft Heinz Company is happy to declare the successful completion of the merger between Kraft and Heinz.
The transaction creates the third-largest food and beverage company in North America and the fifth-largest food and beverage company in the world with an unparalleled portfolio of iconic brands. The complementary nature of the two brand portfolios presents substantial opportunity for synergies, which will result in raised investments in marketing and innovation. This historic transaction unites two powerful businesses and iconic brands, and provides a platform for leadership in the food industry both domestically and internationally.
H.J. Heinz Company, offering “Good Food Every Day,”™ is one of the world’s leading marketers and producers of healthy, convenient and affordable foods specializing in ketchup, sauces, meals, soups, snacks and infant nutrition. Heinz provides superior quality, taste and nutrition for all eating occasions whether in the home, restaurants, the office or “on-the-go.”
Kraft Foods Group, Inc. operates as a consumer packaged food and beverage company. It operates through six segments: Cheese, Refrigerated Meals, Beverages, Meals & Desserts, Enhancers & Snack Nuts, and Canada.
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