Orlando, FL -- (SBWIRE) -- 10/21/2013 -- 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), MGIC Investment Corp.(NYSE:MTG).
Peabody Energy Corporation (NYSE:BTU) shares declined 0.43% to $18.50. 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
MGIC Investment Corp.(NYSE:MTG) shares increased 0.85% to $8.27. The company on Oct. 16 swung to an unexpected third-quarter profit as the struggling mortgage insurer incurred sharply lower expenses and losses thanks to fewer new delinquencies as well as a decline in the rate and severity of claims.
The company reported a profit of $12.1 million, or four cents a share, compared with a year-earlier loss of $246.9 million, or $1.22 a share. Revenue decreased 17% to $254.4 million. Analysts recently expected a per-share loss of 13 cents and revenue of $260.9 million. Net premiums written fell 11% to $234.3 million and net premiums earned declined 13% to $231.9 million. Investment income dropped by a third.
Is MTG going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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