Navistar (NAV) Misses Q1 EPS by 17c, Offers FY Guidance

Navistar (NYSE: NAV) reported Q1 EPS of ($0.36), $0.17 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $1.84 billion versus the consensus estimate of $1.81 billion.

GUIDANCE:

Navistar sees FY2020 revenue of $9.25-9.75 billion, versus the consensus of $9.72 billion.

• Industry retail deliveries of Class 6-8 trucks and buses in the United States and Canada are forecasted to be in the range of 335,000 to 365,000 units, with Class 8 retail deliveries between 210,000 and 240,000 units.

• Revenues are expected to be in the range of $9.25 billion to $9.75 billion.

• Adjusted EBITDA is expected to be in the range of $700 million to $750 million.

For earnings history and earnings-related data on Navistar (NAV) click here.

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