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Patriot Coal reiterates full-year profit forecast

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By AP
12 May 2008 @ 01:00 pm EST

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ST. LOUIS - Patriot Coal Corp. reiterated its full-year guidance Monday, saying it continues to expect earnings of 95 cents to $1.30 per share.

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Patriot said it expects sales volume of 23 million to 25 million tons, excluding its proposed acquisition of Magnum Coal Co. Earnings before interest, tax, depreciation and amortization are expected to total $115 million to $145 million.

Patriot shares fell $2.08, or 2.6 percent, to $76.62 shortly after midday.

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