Joy Global Inc. Q2 Earnings Decline 85%

(RTTNews) - Joy Global Inc. (JOY) announced a profit for second quarter that lost ground from last year.

The company said its earnings dropped to $9.1 million, or $0.09 per share. This was down from $62.4 million, or $0.64 per share, in last year's second quarter.

The company said revenue for the quarter fell 25.7% to $601.98 million. This was down from $810.52 million last year.

Joy Global Inc. earnings at a glance:

-Earnings (Q2): $9.1 Mln. vs. $62.4 Mln. last year. -Earnings Decline (Y-o-Y): -85.4% -EPS (Q2): $0.09 vs. $0.64 last year. -EPS Decline (Y-o-Y): -85.9% -Revenue (Q2): $601.98 Mln vs. $810.52 Mln last year. -Revenue Change (Y-o-Y): -25.7%