Joy Global Posts Flat Q1 Profit - Quick Facts

(RTTNews.com) - 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.

For comments and feedback: contact editorial@rttnews.com

http://www.rttnews.com