Shares of Navistar International (NYSE:NAV) rose 0.2% in pre-market trading after the company reported Q2 results.
Earnings per share came in at ($0.38), which beat the estimate of ($0.41).
Revenue of $1,925,000,000 declined by 35.75% from the same period last year, which beat the estimate of $1,870,000,000.
Navistar International hasn't issued any earnings guidance for the time being.
The upcoming fiscal year's revenue expected to be between $9,250,000,000 and $9,750,000,000.
Conference Call Details
Date: Jun 04, 2020
Time: 09:00 AM
Company's 52-week high was at $38.00
Company's 52-week low was at $15.01
Price action over last quarter: down 27.96%
Navistar is a manufacturer of medium- and heavy-duty trucks, school buses, military vehicles, and diesel engines. Its principle markets are North America and Latin America. Its trucks are sold through over 800 dealers in the United States, Canada, and Mexico. It currently commands a 17% share for its core products, which include class 6 through 8 trucks and school buses. The company previously struggled to develop an unconventional diesel emission technology, or EGR, to meet 2010 EPA guidelines, which caused its market share to plummet to 16% in 2015 from 36% in 2009. In 2019, manufacturing revenues were approximately $11 billion.
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