Orlando, FL -- (SBWIRE) -- 10/18/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Peabody Energy Corporation (NYSE:BTU), Huntington Bancshares Incorporated (NASDAQ:HBAN).
Peabody Energy Corporation (NYSE:BTU) shares gained 3.86% to $18.58. The company on Oct. 17 reported third quarter 2013 revenues of $1.80 billion leading to Adjusted EBITDA of $312.0 million. Income from Continuing Operations totaled $24.0 million with Diluted Earnings Per Share from Continuing Operations of $0.06 and Adjusted Diluted Earnings Per Share of $0.05. Third quarter revenues totaled $1.80 billion compared to $2.06 billion in the prior year.
Additionally, the company on Oct. 10 announced that it has reached an agreement with Patriot Coal and the United Mine Workers of America (UMWA) to resolve all issues related to Patriot's bankruptcy. Under the terms of the proposed settlement, Peabody would provide $310 million, payable over four years through 2017, to fund the VEBA and settle all Patriot and UMWA claims involving the Patriot bankruptcy.
Are investors worried about the recent updates with BTU? Find out with a free trend analysis HERE
Huntington Bancshares Incorporated (NASDAQ:HBAN) shares gained 3.32% to $8.88. The company on Oct. 17 said its third-quarter profit rose 6.4% as the lender wrote off fewer bad loans and its loan portfolio increased 4.7%. The bank said it earned $178.5 million, or 20 cents a share, up from $167.8 million, or 19 cents a share, a year earlier. Profit beat the average estimate of analysts, who were expecting the company to earn 17 cents a share, according to Thomson Reuters. But revenue, which declined 2.1% to $682 million, missed the analysts' estimate of $684.8 million.
Is HBAN going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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