) --

Joy Global


said fourth-quarter earnings rose 5% from a year earlier, topping the estimates of analysts.

Joy Global said fourth-quarter earnings were $124 million, or $1.20 a share, vs. year-earlier earnings of $118 million, or $1.11 a share, and above analysts' estimates of $1.01 a share.

Revenue in the quarter also topped estimates, coming in at $963.5 million vs. estimates of $931.1 million.

TheStreet Recommends

Joy Global said it anticipates fiscal 2010 revenue of $2.8 billion to $3 billion and earnings of $2.65 to $3.05 a share. Analysts currently expect earnings of $2.67 a share on revenue of $2.86 billion.

Joy Global said it expects 2010 to be a year of improving order rates.

>>See our new stock quote page.

-- Reported by Joseph Woelfel in New York.

Follow on


and become a fan on