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Mining equipment maker $JOY reported drop in 3Q16 earnings due to lower sales volumes, unfavorable product mix, lower manufacturing absorption, restructuring charges and merger costs . Net income fell to $0.13MM or breakeven per share from $51.34MM or $0.52 per share. Net sales dropped 26% to $586.55MM. Adjusted EPS decreased to $0.10 from $0.59.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.