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Coal miner Peabody Energy profits sink on debt, interest costs
Coal miner Peabody Energy said Tuesday its third-quarter earnings sank 77 percent on higher acquisition-related debt and interest costs that offset an increase in revenue.
The company earned $32.3 million, or 12 cents per share, compared with $142 million, or 53 cents per share, in the year-ago quarter.
Revenue rose 18 percent to $1.49 billion, from $1.27 [...]
