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More on Joy Global's (JOY) FQ2 results: Issues downside guidance for FY 2013, lowering top end...

More on Joy Global's (JOY) FQ2 results: Issues downside guidance for FY 2013, lowering top end of EPS to $5.75-$5.95 from prior $5.75-$6.50 vs. $6.17 analyst consensus, and top end of revenues to $4.9B-$5B from prior $4.9B-5.2B vs. $5.06B consensus. Bookings fell 8% Y/Y to $1.1B but improved 10% Q/Q. Expects 5% coal demand growth vs. 7%-plus average over the last five years. Shares flat premarket.
Comments (1)
  • alpine
    , contributor
    Comments (1547) | Send Message
     
    Is this the beginning of another CAT-style downward slope for revenues and EPS, I wonder. With a weak Yen strengthened Komatsu, highly focused cost leader Sany and Zoomlion, along with CAT's recently restructured China "toy", JOY's fortunes are not likely to be a source of great joy for long-suffering faith based investors.
    30 May 2013, 07:52 AM Reply Like
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