Joy Global Inc (JOY.N)
|Market Cap (Mil.):||$6,168.40|
|Shares Outstanding (Mil.):||100.14|
* Service makes up 71 pct of total bookings in the quarter
- Joy Global Inc reported a two-thirds drop in quarterly profit due to lower demand for mining equipment in the middle of a coal glut, but the company said maintenance revenue was rising as miners can no longer delay work on old equipment.
March 6 - Joy Global Inc, a mining equipment maker, reported a 66 percent fall in quarterly profit as coal miners cut spending due to weak prices caused by oversupply.
- Mining equipment maker Joy Global Inc forecast 2014 earnings below analysts' average estimate and said it was difficult to predict when a recovery in the mining industry would begin next year, sending its shares down 6 percent.
* Expects FY 2014 earnings of $3-$3.50/share vs. est $3.68
NEW YORK, Dec 11 - Joy Global Inc : * Down 4.4 percent to $53.75 in premarket after Q4 results, outlook
Dec 11 - Mining equipment maker Joy Global Inc reported an 87 percent fall in quarterly profit as it took a big charge and coal miners cut spending due to a supply glut and weak prices.
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Earnings vs. Estimates
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