NEW YORK (Reuters) - Coal producer Peabody Energy Corp said on Wednesday its second-quarter profit more than doubled, easily beating Wall Street forecasts, as soaring global demand drove prices higher.Net income was $233.4 million, or 86 cents per share, compared with $107.7 million, or 40 cents per share, a year earlier, the St Louis-based miner said.Earnings from continuing operations were 89 cents per share, easily beating analysts' consensus estimates of 57 cents per share, according to Reuters Estimates.Revenues for the quarter rose to $1.53 billion from $1.07 billion a year.Peabody, whose coal fuels approximately 10 percent of all U.S. electricity generation, also raised the low end of its forecast for full-year earnings before interest, taxes depreciation and amortization to between $1.6 billion and $1.8 billion, up from the $1.5 billion to $1.8 billion range it had issued in April.For the third quarter, Peabody said EBITDA would be between $450 million to $550 million and earnings per share between 80 cents to $1.05.
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