UBS Cuts Price Target on Joy Global (JOY) to $20 as Company Takes Initiatives to Manage Downturn
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Joy Global Announces Third Quarter Fiscal 2015 Operating Results
September 3, 2015 6:00 AM EDTMILWAUKEE--(BUSINESS WIRE)-- Joy Global Inc. (NYSE: JOY), a worldwide leader in high-productivity mining solutions, today reported third quarter fiscal 2015 results.
Third Quarter Summary
Bookings $635 million, down 31 percent from a year ago Service bookings $537 million, down 16 percent from a year ago Net sales $792 million, down 10 percent from a year ago Earnings per diluted share $0.46, compared to $0.71 a year ago Excluding excess purchase accounting, acquisition costs, restructuring charges and pension items of $14 million, adjusted earnings... More