Why Navistar International Stock Popped on Tuesday [The Motley Fool]
Navistar Intl Corp (NAV)
Last navistar intl corp earnings: 3/4 06:25 am
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Source: The Motley Fool
Earnings exceed expectations -- by a lot. Rich Smith ( TMFDitty ) Dec 19, 2017 at 5:40PM What happened Truckmaker Navistar ( NYSE:NAV ) saw its stock surge as much as 12.6% in early trading Tuesday after reporting a blowout fiscal fourth quarter. Even after the initial wave of enthusiasm had passed, Navistar still ended the day up 7.4% -- and no wonder. The $1.36 per share that Navistar reported for fiscal Q4 profits was more than twice the $0.65 that Wall Street had predicted it would earn. Sales for the quarter -- $2.6 billion -- likewise easily beat analysts' consensus estimates for $2.3 billion. Navistar forecasts a brighter tomorrow -- and today was pretty sunny, too. Image source: Getty Images. So what It was a fine quarter for Navistar objectively speaking as well. One year ago, you see, the company was losing money -- $0.42
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