Enter your Email Address


Useful Links

Know What The Insiders Are Doing!
Stock Trading Software

More Links




[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]




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...

Newsletter

No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.