Navistar International Corp. (NAV) said Wednesday it plans to raise its 2010 outlook once the delivery schedule for a $750 million order of military vehicles is set.
The company maintained its original 2010 forecast, saying the 1,050 truck order will no doubt raise revenue, but company executives said they don't yet know when the orders will ship. Chief executive Dan Ustian said he was about two weeks away from knowing the delivery schedule.
Analysts have estimated the truck order could add $1 to earnings per share, forecast in January to come in at $1.75 to $2.25 per share. Analysts now forecast earnings at $2.73 per share.
Shares of Navistar were off 5% in Wednesday trading. Late yesterday, the company posted first-quarter results that fell below Wall Street's expectations.
