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More on Joy Global's (JOY) FQ2 results: EPS came in above estimates, but cuts fiscal-year...
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Thursday, May 31, 2012, 8:25 AM ETMore on Joy Global's (JOY) FQ2 results: EPS came in above estimates, but cuts fiscal-year outlook, citing a moderating order rate. EPS forecast at $7.15-$7.45 vs. $7.64 consensus; revenues $5.5B-$5.7B vs. $5.7B consensus. "With the U.S. market correcting quickly, and the international markets showing signs of near term slowing, we are turning our focus to trimming costs." JOY -2.4% premarket.
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