A drop in the prices of metallurgical coal cause Peabody Energy Corporation to miss analysts’ estimates for 1QFY14, and the company also expects losses next quarter. Bidness Etc goes over the earnings relase and explains why the stock price is in the green. Peabody Energy Corporation (BTU) reported results for the first quarter of its fiscal 2014 (1QFY14), in which it posted an adjusted loss of 19 cents per share, missing analysts’ estimates by 20 cents. The loss came on the back of a drop in metallurgical coal prices. Revenues came out to $1.63 billion, $60 million short of expectations. The largest private-sector coal company in the world saw its revenues decline 7% over last year. Revenues from Australia plummeted 17% year-over-year in the quarter to $612 million. Peabody gets more than 41% of its revenues from operations in the country.