Why Coal Stock Peabody Energy Is Bouncing Back After a Sharp Drop

Coal stock Peabody Energy (NYSE: BTU) went on a wild ride this morning, crashing 10% right when the markets opened only to rebound sharply. As of 10:30 a.m. EDT, the stock was down only about 1%.

It appears the market quickly realized its knee-jerk reaction to the coal miner's third-quarter numbers was unwarranted.

Here are some notable numbers from Peabody Energy's third-quarter earnings report released Thursday morning:

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Source Fool.com