Navistar (NAV) Misses Q3 EPS by 31c
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Navistar (NYSE: NAV) reported Q3 EPS of ($0.37), $0.31 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.84 billion.
Reports third quarter 2020 net loss of $37 million, or $0.37 per diluted share, on revenues of $1.7 billion |
| • | Generates $104 million of adjusted EBITDA in the third quarter; reports an adjusted net loss of $8 million |
| • | Generates $154 million of manufacturing free cash flow |
| • | Ends the third quarter with $1.6 billion in manufacturing cash, cash equivalents and marketable securities |
| • | Plans additional cost-savings actions towards SG&A target of 7 to 9 percent of revenues |
| • | Announces plans to dual-build diesel and electric vehicles in San Antonio |
For earnings history and earnings-related data on Navistar (NAV) click here.
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