Navistar International Corp (NAV) Releases Earnings Results, Misses Expectations By $-0.60 EPS

Navistar International Corp (NAV) announced its most recent quarterly financial results on Thursday, Sep-8-2016. NAV reported $-0.42 earnings per share for the quarter, missing the analyst consensus estimate by $-0.60. Analysts had a consensus of $0.18. The company posted revenue of $2086.00 million in the period, compared to analysts expectations of $2194.04 million. NAV’s revenue was down -17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.37 EPS.

Many Wall Street Analysts have commented on Navistar International Corp. Deutsche Bank Initiated Navistar International Corp on Sep 7, 2016 to “Hold”, Price Target of the shares are set at $14.Navistar International Corp was Downgraded by Macquarie to ” Underperform” on Sep 6, 2016. Navistar International Corp was Downgraded by Piper Jaffray to ” Neutral” on Jun 28, 2016.

Navistar International Corp closed down -0.77 points or -3.89% at $19.02 with 4,979,523 shares getting traded on Wednesday. Post opening the session at $19.82, the shares hit an intraday low of $18.48 and an intraday high of $19.94 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Navistar International Corporation (NIC) is a holding company whose principal operating subsidiaries are Navistar Inc. and Navistar Financial Corporation (NFC). The Company is a manufacturer of International brand commercial and military trucks MaxxForce brand diesel engines IC Bus (IC) brand school and commercial buses as well as a provider of service parts for trucks and diesel engines. It also provides retail wholesale and lease financing of trucks and parts. The Company operates in four reporting segments which comprises: North America Truck North America Parts Global Operations (collectively referred to as Manufacturing operations) and Financial Services. Its principal products and services include Trucks Parts Engines and Financial Services.

Navistar International Corp

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