More on Joy Global (JOY) FQ3: income from continuing ops +12.8% to $194M, bookings -25% to...

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

More on Joy Global (JOY) FQ3: income from continuing ops +12.8% to $194M, bookings -25% to $1.1B. Says there is evidence that the U.S. and Chinese markets have bottomed, but expects sluggish recovery. Will continue to cut costs, incurring charges of $20M in Q4. Cuts FY 2012 revenue guidance by $100M to $5.45B-$5.55B vs. consensus of $5.56B. Sees adjusted EPS at $7.05-$7.20 vs. $7.26. (PR)