Navistar: Fiscal 2Q Earnings Snapshot
LISLE, Ill. (AP) _ Navistar International Corp. (NAV) on Tuesday reported a fiscal second-quarter loss of $48 million, after reporting a profit in the same period a year earlier.
The Lisle, Illinois-based company said it had a loss of 48 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were $1.06 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.
The truck and engine maker posted revenue of $3 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $2.7 billion.
Navistar shares have climbed 20% since the beginning of the year. The stock has decreased 20% in the last 12 months.