Massey Energy Reports Lower Fourth-Quarter Profit

Summary


Coal producer Massey Energy Co. says a steep drop in sales cut its fourth-quarter profit by more than half.

Massey said Tuesday it earned $24.4 million, or 28 cents per share, in the final three months of 2009. Massey earned $53.6 million, or 63 cents per share, in fourth-quarter 2008.

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Extract


Massey Energy Reports Lower Fourth-Quarter Profit

Revenue dropped to $583.9...

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