Navistar International (NAV) Posts Mixed Q3 Results

Navistar International (NYSE: NAV) reported Q3 EPS of ($0.02), $0.65 better than the analyst estimate of ($0.67). Revenue for the quarter came in at $2.84 billion versus the consensus estimate of $2.95 billion.

The company provided the following guidance updates:

• Raised Class 8 industry forecast for FY2014 (U.S./Canada) to 235,000-240,000;
• Expects to finish FY2014 with $300 million in structural cost savings;
• Projects Q4 EBITDA of $115 million to $165 million, excluding pre-existing warranty and one-time items; and
• Projects between $1.0 billion and $1.1 billion in manufacturing cash, cash equivalents and marketable securities at the end of Q4 after repaying the remaining $166 million of the company's 3% senior subordinated convertible notes maturing in October.

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

You May Also Be Interested In

• IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
• Methanex (MEOH) Tops Q1 EPS by 35c
• Towne Bank (TOWN) Reports In-Line Q1 EPS