Market Overview

UPDATE: Joy Global Posts Upbeat Q1 Profit

Related JOY
Benzinga's Top Upgrades
#PreMarket Primer: Thursday, December 18: Hackers' Threat Causes Sony To Cancel Movie Release
Making Money With Charles Payne: 12/8/14 (Fox Business)

Joy Global (NYSE: 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: profitEarnings News

 

Related Articles (JOY)

Around the Web, We're Loving...

Get Benzinga's Newsletters