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	<title>Stock Blog Hub &#187; Joy Global</title>
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	<description>Start Your Investing Research Here!</description>
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		<title>(ABV) Company News for December 15, 2010 &#8211; Corporate Summary</title>
		<link>http://www.stockbloghub.com/2010/12/15/abv-company-news-for-december-15-2010-corporate-summary/62404</link>
		<comments>http://www.stockbloghub.com/2010/12/15/abv-company-news-for-december-15-2010-corporate-summary/62404#comments</comments>
		<pubDate>Wed, 15 Dec 2010 21:04:02 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<category><![CDATA[Joy Global]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=62404</guid>
		<description><![CDATA[• Joy Global (NASDAQ:JOYG) reported fiscal fourth quarter earnings of $1.39, ahead of the Zacks Consensus Estimate of $1.16, on revenues of $1.05 billion that topped the Zacks Consensus Estimate of $925.0 million. The firm provided upside 2011 guidance of $5.00-$5.30, above the Zacks Consensus Estimate of $4.17 • Novartis (NYSE:NVS) plans to accuire 22% of Alcon (NYSE:ACL), for $168 per share, or $12.9 billion • Agrium (NYSE:AGU) will sell their majority interest in AWB Ltd to Cargill for $870 million • Icahn Enterprises (NYSE:IEP) plans to buy Dynegy (NYSE:DYN) for $5.50 per share, or $665.0 million • Goldman Sachs (NYSE:GS) initiated coverage on T. Rowe Price (NASDAQ:TROW) from &#8220;neutral&#8221; rating to placing the company on its Conviction Buy list, upgrading  price target from $55 to $80 • JP Morgan (NYSE:JPM) upgraded AmBev (NYSE:ABV) from &#8220;neutral&#8221; ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/12/15/abv-company-news-for-december-15-2010-corporate-summary/62404/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(JOYG) Joy Global Incorporated &#8211; Third Quarter Beat by 11%</title>
		<link>http://www.stockbloghub.com/2010/09/20/joyg-joy-global-incorporated-third-quarter-beat-by-11/52131</link>
		<comments>http://www.stockbloghub.com/2010/09/20/joyg-joy-global-incorporated-third-quarter-beat-by-11/52131#comments</comments>
		<pubDate>Mon, 20 Sep 2010 16:53:33 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Farm & Construction Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Joy Global]]></category>
		<category><![CDATA[JOYG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=52131</guid>
		<description><![CDATA[Joy Global Inc. (JOYG) is trading near its 52-week high of $67.29 after raising guidance following a strong third quarter. Joy Global manufactures heavy mining equipment. It was founded in 1884 and is headquartered in Milwaukee, Wisonsin. Joy Global has a market cap of $6.8 billion. It is a Zacks #2 Rank (buy) stock. Third Quarter Beat by 11% The company reported third quarter earnings per share of $1.13, well above the Zacks Consensus Estimate of $1.02. Net sales were down 11% from the third quarter of 2009, but new orders were up 51% from the same period. Joy Global also improved its gross margin from 31.8% to 34.1%. Its operating margin was essentially flat at 20.3%. Cash flow from operations increased 75% year-over-year. Raising Guidance Management is optimistic about ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/09/20/joyg-joy-global-incorporated-third-quarter-beat-by-11/52131/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JOYG) Joy Global Analysts Downgrade to Neutral</title>
		<link>http://www.stockbloghub.com/2010/03/25/joyg-joy-global-analysts-downgrade-to-neutral/31915</link>
		<comments>http://www.stockbloghub.com/2010/03/25/joyg-joy-global-analysts-downgrade-to-neutral/31915#comments</comments>
		<pubDate>Fri, 26 Mar 2010 00:14:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Farm & Construction Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Joy Global]]></category>
		<category><![CDATA[JOYG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31915</guid>
		<description><![CDATA[We are downgrading Joy Global Inc. (JOYG) shares to Neutral from Outperform, reflecting forecast of limited revenue upside in 2010. The company reported EPS of $0.73 per share, topping the Zacks Consensus Estimate of $0.64, primarily driven by an improved commodities market and better orders during the quarter. While new order bookings in the first quarter improved 22%, revenues declined 3% year-over-year to $729 million, driven by a 12% decline in the Underground Mining Machinery (UMM) segment, offset by an 8% increase in the Surface Mining Equipment (SME) segment. Steel and other industrial producers in the industrialized countries made significant reduction in inventories in 2009, and days of supply were reduced to historical averages on lower volumes. However, the steel industry has shown signs of recovery from the second half ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/25/joyg-joy-global-analysts-downgrade-to-neutral/31915/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(JOYG) U.S. Industrial Production Edges Up</title>
		<link>http://www.stockbloghub.com/2010/03/17/joyg-u-s-industrial-production-edges-up/30703</link>
		<comments>http://www.stockbloghub.com/2010/03/17/joyg-u-s-industrial-production-edges-up/30703#comments</comments>
		<pubDate>Wed, 17 Mar 2010 19:24:36 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Farm & Construction Machinery]]></category>
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		<category><![CDATA[Baker Hughes Inc.]]></category>
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		<category><![CDATA[Bucyrus International Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Joy Global]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30703</guid>
		<description><![CDATA[Industrial Production Despite the snow storms in February, the total industrial production of the country managed to edge up by 0.1% over January. This marked the 8th straight increase in the Industrial Production, but it was also the smallest since it started to increase. Prior to June, total industrial production had declined for 17 of the previous 18 months, with seven of those months posting declines of more than 1.0% and including one month where production plunged 4.0%. February marked a major deceleration from the 0.9% increase in January. In December, total industrial production rose 0.5% (revised down from the original estimate of 0.7%). The increase was also slightly better than the consensus expectation that it would be unchanged. Year-over-year total industrial production is up 1.7%. Total industrial production not ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/17/joyg-u-s-industrial-production-edges-up/30703/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(JOYG) Joy Global&#8217;s Quarterly Report Surpasses Estimates</title>
		<link>http://www.stockbloghub.com/2010/03/03/joyg-joy-globals-quarterly-report-surpasses-estimates/29576</link>
		<comments>http://www.stockbloghub.com/2010/03/03/joyg-joy-globals-quarterly-report-surpasses-estimates/29576#comments</comments>
		<pubDate>Wed, 03 Mar 2010 22:17:56 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Farm & Construction Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Joy Global]]></category>
		<category><![CDATA[JOYG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29576</guid>
		<description><![CDATA[Joy Global Inc. (JOYG) posted an EPS of 73 cents for the first quarter of 2010, surpassing the Zacks Consensus Estimate of 64 cents but below the year-ago earnings of 83 cents. The better-than-expected earnings were primarily driven by improved commodities market and better orders during the quarter. During the quarter, the company merged its operating Continental Crushing and Conveying segment into Joy Mining Machinery and P&#38;H Mining Equipment segment. The results from the prior year have been restated to reflect this integration. Full results for crushing and conveying products are now reported with Joy Global, while the results for sales into the surface market are additionally reported with P&#38;H. Behind the Headline Numbers Revenues declined 3% year on year to $729 million in the quarter, as a result of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/03/joyg-joy-globals-quarterly-report-surpasses-estimates/29576/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>(JOYG) Joy Global &#8211; Emerging Markets Driving Growth</title>
		<link>http://www.stockbloghub.com/2010/02/23/joyg-joy-global-emerging-markets-driving-growth/28572</link>
		<comments>http://www.stockbloghub.com/2010/02/23/joyg-joy-global-emerging-markets-driving-growth/28572#comments</comments>
		<pubDate>Wed, 24 Feb 2010 00:55:22 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<category><![CDATA[Joy Global]]></category>
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		<category><![CDATA[Peabody Energy Corporation]]></category>
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		<category><![CDATA[VALE]]></category>
		<category><![CDATA[Vale S.a.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=28572</guid>
		<description><![CDATA[Joy Global (JOYG) is a play on global economic growth with a decent dividend yield. Company Description Joy Global is a pure play on the global mining sector. It is a leader in manufacturing, servicing, and distributing equipment for underground mining through Joy Mining Machinery and surface mining through P&#38;H Mining Equipment. Joy Global&#8217;s products are used primarily in the extraction of underground coal. Coal mining accounts for roughly 70% of Joy Global&#8217;s annual revenues. Emerging Markets Driving Growth Much of Joy Global&#8217;s growth will come from China, India, and other emerging markets. That&#8217;s because the demand for mined commodities is dominated by strong imports from emerging markets. The demand is being driven by infrastructure build outs and the growing demand for electricity. China announced that it will increase its ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/23/joyg-joy-global-emerging-markets-driving-growth/28572/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(NUE) U.S. New Factory Orders Rise</title>
		<link>http://www.stockbloghub.com/2010/01/05/nue-u-s-new-factory-orders-rise/24202</link>
		<comments>http://www.stockbloghub.com/2010/01/05/nue-u-s-new-factory-orders-rise/24202#comments</comments>
		<pubDate>Tue, 05 Jan 2010 22:23:29 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Steel & Iron]]></category>
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		<category><![CDATA[Bucyrus International Inc.]]></category>
		<category><![CDATA[DELL]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=24202</guid>
		<description><![CDATA[The Census Bureau reported today that New Orders for Manufacturers rose by 1.1% in November. This was up from a 0.8% increase in October (which was revised up from 0.6%) and comes on top of a 1.6% increase in September. The increase was much better than the 0.5% expected by the consensus of economists. Still, even though new orders have been up in five of the last six weeks Incorporatedluding very solid gains in each of the last three, we had dug ourselves a heck of a hole earlier in the year. On a year-to-date basis, new orders are off 19.2% for the first 11 months of 2009 relative to the first 11 months of 2008. Excluding the volatile transportation industry, orders were up 1.9% in November on top of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/05/nue-u-s-new-factory-orders-rise/24202/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JOYG) Joy Global&#8217;s Earnings Surpass Consensus Estimates</title>
		<link>http://www.stockbloghub.com/2009/12/17/joyg-joy-globals-earnings-surpass-consensus-estimates/23089</link>
		<comments>http://www.stockbloghub.com/2009/12/17/joyg-joy-globals-earnings-surpass-consensus-estimates/23089#comments</comments>
		<pubDate>Thu, 17 Dec 2009 18:45:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Farm & Construction Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Joy Global]]></category>
		<category><![CDATA[JOYG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23089</guid>
		<description><![CDATA[Joy Global Inc. (JOYG) posted an EPS of $1.20 for the fourth quarter of 2009, surpassing the Zacks Consensus Estimate of $1.01 and $1.11 recorded in the year-ago quarter, primarily driven by better pricing, improved supply chain management and cost control measures. For fiscal year 2009, EPS was $4.41; above both the Zacks Consensus estimate of $4.23 and the last year EPS of $3.44. Operating margin for the quarter remained flat at 19% as price realization and cost control efforts were more than offset by the impact of lower volumes and $11 million of severance and other related costs. Operating income in the quarter was $184 million compared to $192 million last year. Operating margin for the fiscal year 2009 expanded to 20% from 16% in fiscal 2008 primarily due to ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(JOYG) The Shape of GDP</title>
		<link>http://www.stockbloghub.com/2009/11/04/joyg-the-shape-of-gdp/19575</link>
		<comments>http://www.stockbloghub.com/2009/11/04/joyg-the-shape-of-gdp/19575#comments</comments>
		<pubDate>Wed, 04 Nov 2009 21:18:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=19575</guid>
		<description><![CDATA[While last week GDP growth came in better than expected at 3.5%, which was a very welcome development, there was very little change in the coverall shape of GDP. This is a troubling development for the long term. GDP is the sum of spending by the Consumer, Private Investment, Government Spending and Net Exports. The Graph below shows the percentage each of them has contributed to overall GDP since 1947. The Consumer is still by far the dominate force in the economy, and it is becoming more so. In the 3Q, PCE, meaning the consumer, rose to 70.98% of GDP, up from 70.66% in the second quarter. That is an all-time record high. At the same time, private investment was virtually unchanged near an all-time low as a share of ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HON) Industrial Production Capacity is Comming Back</title>
		<link>http://www.stockbloghub.com/2009/09/16/hon-industrial-production-capacity-is-comming-back/15375</link>
		<comments>http://www.stockbloghub.com/2009/09/16/hon-industrial-production-capacity-is-comming-back/15375#comments</comments>
		<pubDate>Wed, 16 Sep 2009 22:22:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Beverages - Brewers]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[HON]]></category>
		<category><![CDATA[Honeywell International Inc.]]></category>
		<category><![CDATA[Joy Global]]></category>
		<category><![CDATA[JOYG]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15375</guid>
		<description><![CDATA[In August, industrial production rose 0.8% from July, and the July increase was revised from a gain of 0.5% to a gain of 1.0%. In manufacturing, production was up 0.6% following an upwardly revised gain of 1.4% in July (was 1.0%). Output at the country’s mines rose 0.5% following a 0.6% gain in July. Utility output, which can be affected as much by the weather as by economic activity, rose 1.9% in August following a 1.6% decline in July. These increases are a big turnaround from what we had been seeing. On a year-over-year basis, total industrial production is still down 10.7%, with manufacturing down 12.2% and mining down 10.5%. Utility output is basically unchanged on a year-over-year basis, down only 0.1%. Having two back-to-back gains in industrial production is highly significant, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/16/hon-industrial-production-capacity-is-comming-back/15375/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(JOYG) Joy Global Seen To Outperform</title>
		<link>http://www.stockbloghub.com/2009/09/16/joyg-joy-global-seen-to-outperform/15247</link>
		<comments>http://www.stockbloghub.com/2009/09/16/joyg-joy-global-seen-to-outperform/15247#comments</comments>
		<pubDate>Wed, 16 Sep 2009 17:21:44 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Joy Global]]></category>
		<category><![CDATA[JOYG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15247</guid>
		<description><![CDATA[Wisconsin-based Joy Global (JOYG) manufactures surface and underground mining equipment for extraction of coal, copper, iron ore, oil sands, gold and other mineral resources. It also offers a wide range of value-additive aftermarket services aimed at enhancing reliability and optimizing working life of machineries. The stable revenue stream from the high-margin aftermarket operations help Joy Global offset its cyclical original equipment business. Joy Global’s Life Cycle Management (LCM) strategy gives the company significant edge over its competitors. The strong and effective aftermarket service platform combined with the LCM program improves equipment reliability, enhances customer satisfaction and develops long-standing relationship. This effectively translates into customer preference for Joy Global’s original equipment and increased sales. Of late, Joy Global management has taken several strategies to stay ahead of the curve, e.g., optimizing ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>($JOYG) Joy Global Beats Consensus Estimates</title>
		<link>http://www.stockbloghub.com/2009/09/03/joyg-joy-global-beats-consensus-estimates/14329</link>
		<comments>http://www.stockbloghub.com/2009/09/03/joyg-joy-global-beats-consensus-estimates/14329#comments</comments>
		<pubDate>Thu, 03 Sep 2009 21:08:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Farm & Construction Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Joy Global]]></category>
		<category><![CDATA[JOYG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14329</guid>
		<description><![CDATA[Joy Global (JOYG) posted an EPS of $1.21 for the third quarter FY 2009, surpassing the Zacks Consensus Estimate of 96 cents and $1.03 recorded in the year-ago quarter, primarily driven by better pricing, improved supply chain management and cost control measures. Operating margin for the quarter expanded to 20% from 15% posted during the corresponding period of last year due to operational efficiency and favorable manufacturing variances. Revenues grew 6% y-o-y to $956 million as a result of 19% growth in the Underground Mining Machinery segment &#8211; more than offsetting 8% and 10% decline in the Surface Mining Equipment and the Crushing &#38; Conveying segments, respectively. Original equipment sales increased 19%, largely due to good execution of the strong backlog, primarily in the United States and South Africa. However, ]]></description>
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