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Tuesday, July 23, 2013

Earning Alert - Peabody Energy (BTU): Q2 EPS of $0.33 beats by $0.36. Revenue of $1.73B misses by $0.1B, Lockheed Martin (LMT): Q2 EPS of $2.64 beats by $0.44. Revenue of $11.4B beats by $11388.88M 7/23/13

Peabody Energy (BTU): Q2 EPS of $0.33 beats by $0.36. Revenue of $1.73B misses by $0.1B

More on Peabody Energy's (BTU) Q2 results: Issues in-line guidance for Q3, seeing EPS between $0.09 and -$0.16 vs. -$0.13 consensus estimate. Says industry supplies remain high with elevated output from Indonesia and Australia, despite China and India driving record seaborne coal demand, and expects additional cutbacks in H2. BTU +2.9% premarket

Lockheed Martin (LMT): Q2 EPS of $2.64 beats by $0.44. Revenue of $11.4B beats by $11388.88M.

More on Lockheed Martin (LMT) Q2: net profit +10% to $859M despite revenues falling 4% to $11.4B. Raises 2013 EPS guidance to $9.20-9.50 from $8.80-9.10 previously and vs consensus of $9.01. Forecasts that revenue will probably come in at low range of $44.5-46B guidance, due to sequestration, which could hit sales by $825M. Analysts expect $44.90B. Shares +1.6%.

  
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