No joy, but it could be worse

THE result was not great, but it was still better than expected. That was Joy Global CEO Ted Doheny’s take on the American mining equipment manufacturer’s June quarter for 2016.

No joy, but it could be worse No joy, but it could be worse No joy, but it could be worse No joy, but it could be worse No joy, but it could be worse

Joy Global has managed to get an order for multiple electric shovels in the US.

The company posted net sales of $602 million for the quarter, down 26% from a year ago, gaining $44 million cash from operations, a $27 million drop from 2015.

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