Seeking Alpha

Joy shares get no joy following weak bookings, outlook

  • Joy Global's (JOY) shares sink 5.7% to $48.40 following its poor bookings and outlook in its FQ3 report, which Citi says were weaker than expected.
  • "Consensus 2014/15 EPS estimates were too high going into the print and will be coming down sharply," Citi says. Shares could test the 52-week low of $47.83 depending on how the earnings call goes at 11 am.
  • BMO says: "EPS outlook will likely also be under pressure with FY15 possibly pointing toward the $4.00 range."
Comments (1)
  • rjj1960
    , contributor
    Comments (1366) | Send Message
    Does this come as a surprise to anyone???
    28 Aug 2013, 10:21 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: