Joy Global earnings up in fiscal 3rd quarter, but U.S. coal weakness dampens future expectations

摘要

The problems facing coal companies in both the Northern and Central Appalachian regions have been causing some problems among the industries that rely on coal companies. Joy Global announced its fiscal third quarter operating results September 2 and showed increases in both net sales and operating income over the fiscal third quarter of last year. Net income was 124 million dollars during the third quarter, 11 million dollars better than in 2008.