TwinTrader.com announces the publication of ‘Navistar International Corp. (NAV) “Earnings Shocker” Hits the Street’
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Navistar International Corp. (NAV) “Earnings Shocker” Hits the Street
”Navistar International Corp. reported fiscal third-quarter earnings drastically outpaced analysts’ expectations, attributable to the company’s rapidly growing defense business...
”For the quarter ending July 31, the Warrenville, IL manufacturer of trucks and engines reported net income of $272 million, or $3.68 per share, up sharply against a net loss of $4 million, or 5 cents per diluted share, year-over-year...
”Revenue bulged to $3.95 billion as compared to $2.96 billion this time last year…
”The company’s earnings release was dramatically higher than the $1.42 per share estimate of analysts surveyed by Reuters Estimates…”
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