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.
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.
-- Reported by Joseph Woelfel in New York.
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