Wednesday, Joy Global Inc. (NASDAQ:JOYG) announced fourth-quarter net income of $118 million, or $1.11 per share, compared to $69.6 million, or $0.64 per share last year. Total sales for the quarter rose 40% to $1.0 billion, from $736 million last year. Operating income for the quarter rose 30% to $192 million, from $147 million in the same time last year. Fiscal year 2008 total sales rose 34% to $3.4 billion, from $2.5 billion in 2007. Operating income for fiscal 2008 was $551 million, compared to $471 million in fiscal 2007. The company expects fiscal year 2009 total sales in the range of $3.5 - $3.7 billion.

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