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We thought we would share are initial skim of Joy Global's (JOYG) recent quarter, before we return to a closer look later in the day after the conference call today.

It looks like the company beat estimates across the board. Back-of-the-envelope figures show return on capital higher than the expected figure and lower than the previous quarter, also as expected. The company says fundamentals in the market are improving, and it is increasing EPS guidance while maintaining revenue guidance.

Disclosure: No positions

Source: Good Quarter and Outlook for Joy Global

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