Walter energy shares drop following Q1 2013 earnings results

摘要

Shares of metallurgical coal producer Walter Energy were seen trading as low as $16.08/share on Thursday, a fresh 52-week low, following the release of its Q1 2013 earnings results. The company posted an adjusted net loss of 64 cents/ diluted share and adjusted EBITDA of $32 million, compared with consensus of a 90 cents/diluted share loss and EBITDA of $33 million.