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Joy Global (JOY) Ticks Higher as CEO Sutherlin Sees China Firming, Cost Base Improving Through Adjustment

August 29, 2012 11:47 AM EDT Send to a Friend
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Joy Global, Inc. (NYSE: JOY) shares are moving higher amid sour quarterly numbers issued earlier.

On the company's call today, CEO Mike Sutherlin said:
  • Encouraged by signs that China is stabilizing;
  • Will begin adjusting its business in the fourth quarter;
  • Business adjustment will also improve the company's cost base;
  • The company is also working on projects in Australia, the U.S., and South Africa; and
  • Long-term coal demand to come from exports.

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