Joy Global Seeing Some Joy (JOYG)

Posted in pre-market 
September 2nd, 2009

Joy Global, Inc. (NASDAQ: JOYG) is trading higher after the coal mining equipment maker posted $1.21 EPS for Q3.  This is a substantial beat compared to the $0.95 estimates from Thomson Reuters.  Revenues also rose by 6% to $956 million… As of 8:35 AM EST we have shares up over 4% at $38.70.  We are not yet quite at 100,000 shares, but the average daily volume is abouy 3.7 million shares.  This stock is still almost down by 50% from the 2008 highs (actually from the 52-week high).  Technically, this was over $80.00 at the peak. -JON OGG

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