Joy Global Inc. Q3 Earnings Retreat 83%

(RTTNews) - Joy Global Inc. (JOY) released a profit for third quarter that dropped compared to the same period last year.

The company said its bottom line fell to $9.6 million, or $0.10 per share. This was down from $57.9 million, or $0.59 per share, in last year's third quarter.

The company said revenue for the quarter fell 26.0% to $586.55 million. This was down from $792.18 million last year.

Joy Global Inc. earnings at a glance:

-Earnings (Q3): $9.6 Mln. vs. $57.9 Mln. last year. -Earnings Decline (Y-o-Y): -83.4% -EPS (Q3): $0.10 vs. $0.59 last year. -EPS Decline (Y-o-Y): -83.1% -Revenue (Q3): $586.55 Mln vs. $792.18 Mln last year. -Revenue Change (Y-o-Y): -26.0%