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The Boston Globe

Business

Joy Global Inc.

Shares of the maker of P&H and Joy mining equipment fell after it cut forecasts for full-year earnings and revenue as mining firms ease purchases amid concern over a slowdown in China. Profit will be $7.15 to $7.45 a share on sales of up to $5.7 billion through October, the Milwaukee-based company said. The average of analysts’ estimates was for per-share profit of $7.65.