Weak Truck Market Hits Navistar – Analyst Blog
Zacks Market Commentaries (September 10th, 2009) Writes:
Navistar International Corporation (NAV) has showed a net loss of $35 million, or 49 cents per share for the third quarter of fiscal 2009 ended Oct. 31, 2009. The results include increased provisions for income taxes and exclude the extraordinary gain from the asset acquisition of the recreational vehicle manufacturing business of Monaco Coach Corporation.
This was worse than the Zacks Consensus Estimate of 66 cents per share. The truck maker had reported a net income $331 million or $4.47 per share in the comparable quarter of the previous year.
Sales for the quarter slashed 37% to $2.51 billion, driven by poor sales at the Truck division. Manufacturing segment profit was $110 million, including the impacts of the Ford settlement (regarding the violation of an exclusive supply agreement), net of related charges, for the quarter compared with $473 million in the year-ago period.
Segment Performance...
Tags for this Post:
Blue Diamond Parts, Canada, cent;, Financial Service, Major, Monaco, Navistar, Stocks to Watch, truck industry retail sales volume, U.S. Military, United States, USD, Zacks Market Commentaries
Blue Diamond Parts, Canada, cent;, Financial Service, Major, Monaco, Navistar, Stocks to Watch, truck industry retail sales volume, U.S. Military, United States, USD, Zacks Market Commentaries


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