MILWAUKEE (AP) _ Joy Global Inc. (JOY) on Thursday reported a loss of $277,000 in its fiscal first quarter.
The Milwaukee-based company said it had a loss of less than 1 cent on a per-share basis. Losses, adjusted for one-time gains and costs, came to 6 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The mining equipment manufacturer posted revenue of $497.8 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $510.2 million.
Joy Global shares have increased almost 1 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 7 percent. The stock has more than doubled 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 https://www.zacks.com/ap/JOY
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Keywords: Joy Global, Earnings Report