(EMAILWIRE.COM, March 03, 2010 ) Dallas, Tx - Joy Global Inc. (NASDAQ:JOYG) jumped 5.60% to $54.38 after its first-quarter net income dropped to 73 cents a share from 83 cents in the year-ago period. The Milwaukee maker of mining equipment's revenue dropped to $729.2 million from $754.9 million. Wall Street analysts expected 64 cents a share on revenue of $661.7 million, according to FactSet. Joy Global also raised the low end of its 2010 earnings target by 20 cents.
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VeriFone Holdings, Inc. (NYSE:PAY) rose 0.50% to $20.74 after it swung to a first-quarter profit of 12 cents a share from a year-earlier loss of $2.16 a share.
Hovnanian Enterprises, Inc. (NYSE:HOV) rose 4.30 to $4.14 after yesterday a first-quarter profit of $236.2 million, or $2.97 per share, from a loss of $178.4 million, or $2.29 per share, in the year-ago period. Revenue declined to $319.6 million from $373.8 million for the same quarter last year.
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