Seeking Alpha

Investors overlook Joy Global's (JOY +2.8%) gloomy outlook and prefer to focus on a respectable...

Investors overlook Joy Global's (JOY +2.8%) gloomy outlook and prefer to focus on a respectable quarter that saw gross margins rise both annually (+10bp) and sequentially (+40bp). Analysts say orders will need to improve for JOY to achieve its 2014 goal of flat revenues, but the feeling is that the company is managing the ugly coal market as well as can be expected.
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