Joy Global misses expectations on weak mining equipment sales

Shares in heavy equipment maker Joy Global (NYSE:JOY) were slightly down Thursday morning after the company, recently acquired by Japanese rival Komatsu (TYO: 6301), reported a fiscal third-quarter profit of $128,000, or less than 1 cent per share. The Wisconsin-based company, the largest independent manufacturer of underground-mining equipment, reported adjusted earning for one-time gains and costs of[…]