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."

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Comments (1)
  • rjj1960
    , contributor
    Comments (1478) | Send Message
     
    Does this come as a surprise to anyone???
    28 Aug 2013, 10:21 AM Reply Like
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