Navistar reports 1st-quarter loss but tops expectations

MarketsAssociated Press

Navistar International Corp. (NAV) on Tuesday reported a loss of $42 million in its fiscal first quarter.

The Lisle, Illinois-based company said it had a loss of 52 cents per share. Losses, adjusted for one-time gains and costs, came to $1.10 per share.

Continue Reading Below

The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of $1.15 per share.

The truck and engine maker posted revenue of $2.42 billion in the period, falling short of Street forecasts. Analysts expected $2.68 billion, according to Zacks.

Navistar shares have dropped 14 percent since the beginning of the year. The stock has dropped 23 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on NAV at


Keywords: Navistar, Earnings Report