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MILWAUKEE (AP) _ Joy Global Inc. (JOY) on Wednesday reported a fiscal fourth-quarter loss of $1.32 billion, after reporting a profit in the same period a year earlier.
The Milwaukee-based company said it had a loss of $13.43 per share. Earnings, adjusted for one-time gains and costs, came to 43 cents per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The mining equipment manufacturer posted revenue of $865.6 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $791.9 million.
For the year, the company reported a loss of $1.18 billion, or $12.02 per share, swinging to a loss in the period. Revenue was reported as $3.17 billion.
Joy Global expects full-year earnings in the range of 10 cents to 50 cents per share, with revenue in the range of $2.4 billion to $2.6 billion.
Joy Global shares have fallen 75 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped almost 1 percent. The stock has fallen 75 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JOY at http://www.zacks.com/ap/JOY
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Keywords: Joy Global, Earnings Report
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Joy Global is a exploration company based in United states of america. Joy Global is listed in United States of America. Its market capitalisation is US$ 1.2 billions as of today (€ 1.2 billions). Its stock quote reached its lowest recent point on February 12, 2016 at US$ 10.26, and its highest recent level on April 05, 2017 at US$ 28.30. Joy Global has 43 700 000 shares outstanding. |