Joy Global Announces Fourth Quarter and Fiscal 2016 Operating Results
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Joy Global (JOY) Reports In-Line Q4 EPS
December 14, 2016 6:12 AM ESTJoy Global (NYSE: JOY) reported Q4 EPS of $0.17, in-line with the analyst estimate of $0.17. Revenue for the quarter came in at $656 million versus the consensus estimate of $666.9 million.
"In late fiscal year 2016, we saw the beginning of global commodity markets rebalancing as supply surpluses started to be absorbed and pricing improved from decade low levels," said Ted Doheny, President and Chief Executive Officer. "Despite these improvements, the mining industry continues to defer capital and maintenance spending, which is reflected in our quarter and full year bookings levels, although the year-over-year rate of... More
