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

|About: Joy Global Inc. (JOY)|By:, SA News Editor

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.