Navistar Reduces Quarterly Loss By More Than Half

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Navistar International reported a fiscal fourth-quarter loss that narrowed to $72 million, or 88 cents a share, from $154 million, or $1.91 a share, in the same period a year ago. The truck maker said sales rose 9.3% to $3 billion, matching the FactSet consensus analyst estimate, as production and order backlog increased. The company said it reduced its structural costs in the quarter by $66 million, and ended the quarter with $1 billion in manufacturing cash. For the first quarter, Navistar is expecting manufacturing cash between $700 million to $800 million. The stock, which was inactive in premarket trade, has lost 8.2% this year through Monday, while the S&P 500 has gained 7.6%.

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