Investors Happy With Joy Global Q2 Report

Joy Global Inc.

shares are trading higher by $3.11 at $19.81 in Thursday's session. Investors are cheering its Q2 beat of $0.09 although it came up $5M shy for revenues. After a higher open, it retreated but found support well ahead of the upper-end of Wednesday's range ($16,86), only reaching $17.82 before resuming its rally. So far, it has reached $19.90 and is not far off that level. This marks the highest level for the issue since it peaked on May 4 at $20.25.