Joy Global (JOY) Lowers Quarterly Dividend 95% to $0.01; 0.3% Yield
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Joy Global (JOY) Tops Q4 EPS by 1c
December 16, 2015 6:09 AM ESTJoy Global (NYSE: JOY) reported Q4 EPS of $0.43, $0.01 better than the analyst estimate of $0.42. Revenue for the quarter came in at $0 versus the consensus estimate of $791.14 million.
Market Outlook
Over the course of 2015, pricing for most major commodities served by the company's customers fell between 20 and 30 percent as supply curtailments were slow to materialize in a tepid global growth environment. Global growth is expected to improve modestly in calendar 2016. Commodity prices are not expected to see any material improvement with current over-supplied conditions which will continue to strain cash flows for most mining... More
