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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 $2.6 billion.
Joy Global shares have fallen 75 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped almost 1 percent. The stock has fallen 75 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JOY at http://www.zacks.com/ap/JOY
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Keywords: Joy Global, Earnings Report
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Joy Global est une société d’exploration minière basée aux Etats-Unis D'Amerique. Joy Global est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 1,2 milliards US$ (1,2 milliards €). La valeur de son action a atteint son plus bas niveau récent le 12 février 2016 à 10,26 US$, et son plus haut niveau récent le 05 avril 2017 à 28,30 US$. Joy Global possède 43 700 000 actions en circulation. |