Navistar (NAV) PT Bumped to $40 at Piper Jaffray Post Q3

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Navistar Reports Third Quarter Results

September 2, 2015 7:12 AM EDT

LISLE, Ill., Sept. 2, 2015 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) today announced a third quarter 2015 net loss of $28 million, or $0.34 per diluted share, compared to a third quarter 2014 net loss of $2 million, or $0.02 per diluted share.    

Third quarter 2015 EBITDA was $106 million versus EBITDA of $142 million in the same period one year ago. The third quarter 2015 included certain net charges of $23 million, compared to benefits of $9 million in the third quarter of 2014. Excluding these items, adjusted EBITDA was $129... More