Bulletin
Investor Alert

New York Markets Open in:

×

Market Pulse Archives

June 4, 2019, 8:06 a.m. EDT

Navistar's stock jumps after profit and revenue beat by wide margins, outlook raised

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Navistar International Corp. (NAV)
  • X
    Dow Jones Industrial Average (DJIA)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of Navistar International Corp. /zigman2/quotes/202415816/composite NAV +0.86% jumped 2.9% in prmarket trade Tuesday, after the maker of commercial and military trucks and diesel engines reported fiscal second-quarter earnings and revenue that rose above expectations, and lifted its full-year outlook. For the quarter to April 30, the company swung to a net loss of $48 million, or 48 cents a share, from a profit of $55 million, or 55 cents a share, in the year-ago period. Excluding non-recurring items, such as a one-time charge of $159 million to address a legal class action settlement, adjusted net income rose to $105 million from $67 million, which based on 99.2 million weighted average diluted shares outstanding equates to earnings per share of $1.06. The FactSet EPS consensus was 69 cents. Revenue rose 24% to $3.00 billion, above the FactSet consensus of $2.70 billion, as truck sales grew 35% to $2.3 billion and parts sales slipped 4% to $579 million. For fiscal 2019, the company raised its revenue guidance range to $11.25 billion to $11.75 billion from $10.75 billion to $11.25 billion, which compares with current expectations of $10.98 billion. The stock has rallied 19.9% year to date through Monday, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.19% has gained 6.4%.

/zigman2/quotes/202415816/composite
US : U.S.: NYSE
$ 29.30
+0.25 +0.86%
Volume: 1.28M
Sept. 19, 2019 6:30p
P/E Ratio
9.52
Dividend Yield
N/A
Market Cap
$2.91 billion
Rev. per Employee
$769,857
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,094.79
-52.29 -0.19%
Volume: 216.44M
Sept. 19, 2019 5:17p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.