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More on Joy Global (JOY) FQ4: net profit +23% to $212.6M. Bookings -5% to $1.3B Y/Y but +22%...

More on Joy Global (JOY) FQ4: net profit +23% to $212.6M. Bookings -5% to $1.3B Y/Y but +22% Q/Q. Joy expects lower volumes in FY 2013 due to a possible 10-15% fall in capex at customers. "Although there is upside potential in our markets, the timing is uncertain and unlikely to occur until current excess mine capacity is reduced," says CEO Mike Sutherlin. Forecasts FY EPS of $5.90-$6.50, below consensus of $6.65, and revenues of $4.9-5.2B vs $5.21B. (PR)
Comments (1)
  • wil3714
    , contributor
    Comments (2083) | Send Message
     
    beat expectations but guidance disappointing, market seems positive looking at price action
    12 Dec 2012, 10:08 AM Reply Like
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