Navistar (NAV) Guides FY09 EPS Below Wall Street Views
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Navistar International Corporation (NYSE: NAV) sees FY09 EPS of $5.10-$5.60, which compares to the consensus of $5.95.
CEO Dan Ustian said, "Our ability to continue to execute our business strategy built around customers, products and growth is reflected in our high level of confidence in the earnings guidance announced today."
In addition to its earnings guidance for fiscal 2009, the company also gave an estimate of the industry forecast for North America. The company believes the industry forecast for the United States and Canadian retail sales volume for Class 6-8 trucks and school buses for the fiscal year ending October 31, 2009, should total between 244,000 to 256,000 units. Industry volumes totaled 244,100 units in fiscal 2008; volume was among the lowest in more than 30 years.
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