A Weak Coal Landscape Gives Joy Global A Joyless Outlook

September 05, 2014   |   September 2014 Bond Updates
Joy Global, a company that manufactures and services mining equipment for coal mining, reported weaker-than-expected third quarter earnings results Thursday and blamed the top- and bottom-line misses on a struggling thermal coal landscape. And with an oversupply of coal that Joy says could last well into next year, the company is also lowering its full-year forecast -- even as some analysts say that now is the time to be bullish on thermal coal.

View more at: http://www.forbes.com/sites/maggiemcgrath/2014/09/04/a-weak-coal-landscape-gives-joy-global-a-joyless-outlook/
 
Related News
Home| About us | Contact us http://www.bondupdatesdailynews.com/