Navistar (NAV) Q1 Loss Narrower Than Expected, Sales Lag
Zacks Investment Research | Mar 05, 2020 05:47AM ET
Navistar International Corporation (NYSE:NAV) came out with first-quarter fiscal 2020 loss of 33 cents per share, narrower than the Zacks Consensus Estimate of a loss of 38 cents. Better-than-expected external sales and revenues from Truck segment resulted in narrower-than-anticipated loss. Precisely, external sales and revenues from Truck segment came in at $1,238 million, higher than the consensus mark of $1,187 million. However, the bottom line tanked from the year-ago earnings of 11 cents a share. Soft year-over-year contribution across all segments led to the underperformance.
The truck manufacturer generated $1,838 million in revenues, which missed the Zacks Consensus Estimate of $1,854 million. Revenues also marked a 24.4% fall from the year-earlier reported figure.
Navistar International Corporation Price, Consensus and EPS Surprise
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