News Summary

Shares of Joy Global Inc JOYG gained about 6% after the company reported upbeat FQ4 results. The company's earnings came in at $1.39 per share, up from $1.20 per share, in the year-earlier period. The company's sales rose 8.9% y/y to $1.05 billion. However, analysts expected earnings of $1.15 per share on sales of $921.6 million. JOYG projects FY11 earnings of between $5.00 and $5.30 per share on revenue of between $3.9 billion and $4.1 billion. However, analysts estimated earnings of $4.85 per share on sales of $3.85 billion for the same period. Silgan Holdings Inc SLGN announced its plans to purchase the food-can business of Vogel & Noot Holding AG in Central and Eastern Europe for $335 million. The company is expecting the deal to close in the first quarter. SLGN shares were up about 0.6%. Gold futures moved down along with crude-oil futures after reports on US consumer prices and Empire State manufacturing survey. Gold for February delivery dropped 1.2% to $1,387.70 an ounce. While, oil futures for January delivery fell 1.1% to $87.31 per barrel. Read more from Benzinga's Markets.