Joy Global Inc. Bottom Line Falls 67% In Q4

(RTTNews) - Joy Global Inc. (JOY) announced a profit for fourth quarter that declined from last year.

The company said its bottom line fell to $41.7 million, or $0.43 per share. This was down from $127.5 million, or $1.29 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 23.0% to $0.87 billion. This was down from $1.13 billion last year.

Joy Global Inc. earnings at a glance:

-Earnings (Q4): $41.7 Mln. vs. $127.5 Mln. last year. -Earnings Decline (Y-o-Y): -67.3% -EPS (Q4): $0.43 vs. $1.29 last year. -EPS Decline (Y-o-Y): -66.7% -Revenue (Q4): $0.87 Bln vs. $1.13 Bln last year. -Revenue Change (Y-o-Y): -23.0%

-Guidance: Full year EPS guidance: $0.10 - $0.50 Full year revenue guidance: $2.4 - $2.6 Bln