Joy Global Inc. (JOY) reported that its second-quarter net income attributable to company decreased to $181.56 million or $1.69 per share from $213.59 million or $2.00 per share last year.
Profit per share from continuing operations totaled $1.69 compared to $2.04 in the second quarter of prior year. Excluding unusual items, profit per share from continuing operations in the current quarter totaled $1.73 compared to $2.23 in the prior year quarter.
On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $1.56 for the quarter. Analysts' estimates typically exclude special items.
Net sales decreased to $1.36 billion from $1.54 billion last year. Analysts expected revenue of $1.28 billion for the quarter.
Joy Global now expects its fiscal 2013 revenues to be between $4.9 billion and $5.0 billion, down from its previous guidance of $4.9 billion to $5.2 billion. Reported earnings per share are expected to be between $5.60 and $5.80, down from the company's previous guidance of $5.75 to $6.35. Excluding restructuring charges, the company expects earnings per share to be between $5.75 and $5.95. Analysts expect the company to report fiscal 2013 profit per share of $6.15 on revenue of $5.06 billion.
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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.