UPDATE: Joy Global Posts Upbeat Q1 Profit

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Joy Global
JOY
posted a better-than-expected first-quarter profit. Its total orders for the quarter declined 29% to $1 billion. Joy Global's quarterly net income dropped to $142.1 million, or $1.33 per share, versus $142.5 million, or $1.33 per share, in the year-ago period. Its sales climbed 1% to $1.1 billion. However, analysts were expecting earnings of $1.14 per share on revenue of $1.08 billion. Joy Global shares closed at $59.96 yesterday.
Posted In: EarningsNewsprofit
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