Mining equipment maker Joy Global Inc. (JOY,JOYG) reported flat net income attributable to the company of $142.14 million, or $1.33 per share for the first quarter of 2013, versus last year. On average, 19 analysts polled by Thomson Reuters expected earnings per share of $1.14 for the quarter. Analysts' estimates typically exclude one-time items.
The firm clocked net sales of $1.15 billion for the quarter, up slightly from $1.14 billion a year back, while it beat consensus estimates of $1.08 billion. First-quarter fiscal 2013 bookings dropped 29 percent year-on-year to $1.0 billion.
Looking ahead to fiscal 2013, the company said, "we continue to be comfortable with our previous guidance of earnings per fully diluted share between $5.75 and $6.35 on revenues of $4.9 billion to $5.2 billion, including $25 million of planned restructuring charges in 2013 with resulting savings not realized until 2014." Analysts project earnings of $6.19 per share, and revenues of $5.07 billion for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.