Patriot Coal Reports 8 Cents EPS (PCX)

Patriot Coal Corporation PCX released financial results on Tuesday morning. Patriot Coal Corporation reported that its 4th quarter net income fell to $7.3 million, or 8 cents per share, down from $10.9 million, or 12 cents per share, a year earlier. Patriot Coal Corporation reported revenue of $528.18 million, up from $503.16 million a year earlier. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for a loss of 34 cents per share, on revenue of $547.99 million. Patriot Coal Corporation (PCX) closed the previous trading day at $26.17 per share. Analysts covering the company's stock give it a consensus price target of $24.58 per share. Patriot Coal Corporation is a leading producer and marketer of coal in the eastern United States, with 14 current mining complexes in Appalachia and the Illinois Basin. Read more from Benzinga's Company news.