Navistar: Fiscal 3Q Earnings Snapshot
LISLE, Ill. (AP) _ Navistar International Corp. (NAV) on Thursday reported fiscal third-quarter profit of $170 million.
The Lisle, Illinois-based company said it had profit of $1.71 per share. Earnings, adjusted for non-recurring gains, came to $1.19 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share.
The truck and engine maker posted revenue of $2.61 billion in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $2.68 billion.
Navistar expects full-year revenue in the range of $10.1 billion to $10.4 billion.
Navistar shares have declined slightly more than 5 percent since the beginning of the year. The stock has increased 20 percent in the last 12 months.