Barclays Adjusts Estimates on Navistar International (NAV); Q3 Noisy, Turnaround Underway
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UBS Raises Numbers on Navistar International (NAV); No 4Q Guidance Due to Portfolio Review
September 7, 2012 10:58 AM EDTUBS maintains a 'Buy' on Navistar International (NYSE: NAV) price target of $30.00 (from $28.00).
Analyst, Henry Kirn, said, "While lots of puts and takes, 3Q results beat our low expectations as revenues of $3.3B were well ahead of our estimate (12% above consensus). Adjusted 3Q results exclude... More
Jefferies Lowers Estimates on Navistar International (NAV); Back to Baby Steps
September 7, 2012 8:07 AM EDTJefferies maintains a 'Buy' on Navistar International (NYSE: NAV) price target of $45.00.
Analyst, Stephen Volkmann, said, "NAV reported F3Q EPS of $(0.20), excluding restructuring, NCPs, and tax benefits. Results were better than dire expectations. 4Q guidance was not given due to volume... More
Unusual 11 Mid-Day Movers 09/06: (RDN) (NAV) (MW) Higher; (OCZ) (FCEL) (PAY) Lower
September 6, 2012 1:01 PM EDTOCZ 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 EDTShares 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
Navistar Int'l (NAV) Posts Surprise Q3 EPS of $1.22; to Review non-Core Businesses, Will Not Provide Q4 Outlook
September 6, 2012 6:23 AM EDTNavistar International (NYSE: NAV) reported Q3 EPS of $1.22, including an income tax benefit of $196 million, and does not compare to the analyst estimate of ($1.36). Revenue for the quarter came in at $3.32 billion versus the consensus estimate of $2.96 billion.
The company... More
