Summary Box: Joy Global 3Q profit falls, but mining equipment maker’s orders surge

Summary Box: Joy Global 3Q net income

MINING FOR GROWTH: Mining equipment maker Joy Global Inc. saw new orders jump 51 percent in the fiscal third quarter, as developing nations scrambled for raw materials.

LIGHT AT THE END OF THE TUNNEL: Net income slid nearly 5 percent for the quarter and revenue fell 11 percent, but the company raised its 2010 forecast on expectations that mining companies will spend significantly more to expand projects.

PAY DIRT: The company, whose equipment is used to manufacture steel and to fuel coal-fired power plants, said it expects demand to increase for all commodities, especially coal and copper, as the global economy pulls itself from recession. Shares jumped 5 percent, or $2.78, to $59.33