Joy Global Announces Third Quarter Fiscal 2015 Operating Results

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Go back to Joy Global Announces Third Quarter Fiscal 2015 Operating Results

UBS Cuts Price Target on Joy Global (JOY) to $20 as Company Takes Initiatives to Manage Downturn

September 4, 2015 8:05 AM EDT

UBS reiterated a Neutral rating on Joy Global (NYSE: JOY), and cut the price target to $20.00 (from $40.00), as the company takes initiatives to catch up with deteriorating demand.

Analyst Steven Fisher commented, "North American coal was the biggest driver behind surprisingly low Service bookings, in... More

Joy Global (JOY) Misses Q3 EPS by 16c

September 3, 2015 6:16 AM EDT

Joy Global (NYSE: JOY) reported Q3 EPS of $0.46, $0.16 worse than the analyst estimate of $0.62. Revenue for the quarter came in at $792 million versus the consensus estimate of $801.29 million.

Joy Global sees FY2015 EPS of $1.80, versus the consensus of $2.43. Joy Global sees FY2015 revenue of $3.1... More