UPDATE 1-Truck maker Navistar raises full-year forecast on strong demand [Reuters]
Navistar Intl Corp (NAV)
Last navistar intl corp earnings: 3/4 06:25 am
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Source: Reuters
Truck maker Navistar raises full-year forecast on strong demand | Reuters Reuters Staff 2 Min Read (Reuters) - Navistar International Corp ( NAV.N ) on Tuesday raised its full-year revenue and deliveries forecast on robust demand for its trucks. Navistar now sees full-year revenue in the range of $9.75 billion and $10.25 billion, from its prior view of $9.25 billion to $9.75 billion. The company raised its forecast for deliveries of Class 6-8 trucks and buses in the United States and Canada to between 380,000 to 410,000 units, from 360,000 and 390,000 units. Revenue in the truck business, the company’s biggest, rose 22 percent to $1.7 billion in the second quarter. The results come in the backdrop of a tight U.S. freight market, with North American orders for Class 8 semi-trucks rising nearly 50 percent in April, FTR, a company that tracks the industry, said. “The market continues to respond favorably to our new products, especially our LT Series on highway tractor and the 13-liter
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