Jefferies Lowers Estimates on Navistar International (NAV); Back to Baby Steps

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Go back to Jefferies Lowers Estimates on Navistar International (NAV); Back to Baby Steps

Unusual 11 Mid-Day Movers 09/06: (RDN) (NAV) (MW) Higher; (OCZ) (FCEL) (PAY) Lower

September 6, 2012 1:01 PM EDT

OCZ Technology Group, Inc. (Nasdaq: OCZ), 20.2 % LOWER; announced its preliminary revenue for the second quarter of fiscal year 2013 (Q2'13), which ended on August 31, 2012. The Company expects preliminary revenue for the second fiscal quarter of 2013 to be approximately $110 to 120 million compared to the previously guided revenue range of $130 to $140 million. This preliminary revenue range compares to $113.6 million for the first fiscal quarter of 2013 and $78.5 million for the second fiscal quarter of 2012. The Street sees revs of $134.4 million. Downgraded at Craig-Hallum, FBN Securities, and Needham & Company today.

Radian Group Inc. (NYSE:... More

Navistar (NAV) Begins "Voluntary Separation Program", Other Cost Cuts Following Q3 Earnings Disappointment

September 6, 2012 8:52 AM EDT

Shares of Navistar International (NYSE: NAV) are higher in pre-market trading after the company reported revenue that was above consensus estimates. For the third quarter, Navistar reported revenue of $3.32 billion compared analyst forecasts of $2.96 billion. This was below last year's revenue of $3.54 billion.

The earnings picture was not as rosy, however, with EPS coming in at ($1.63), $0.27 worse than the analyst estimates of... More