BUZZ-Peabody Energy down after downbeat Q1 revenue forecast

Reuters04-11

** Shares of US-based coal producer Peabody Energy Corp

fall about 8% to $21.72 in premarket trading

** Sees Q1 rev. of $980 mln, below avg. analysts' estimates of $1.03 bln - LSEG

** US thermal segments reported lower-than-expected shipments during the quarter - Co

** Adds lower U.S. thermal volumes was due to unseasonably warm weather and continued low natural gas prices

** However, "our first quarter included some unforeseen production challenges that are now behind us" - CEO

** As of last close, BTU shares down 3.1% YTD

(Reporting by Saikeerthi in Bengaluru)

((Saikeerthi@thomsonreuters.com;))

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