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UPDATE: Navistar Posts FQ4 Loss

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UPDATE: Morgan Stanley Downgrades Navistar International On Head-On Collision Between Consensus And Reality

Navistar International (NYSE: NAV) posted a FQ4 loss.

Navistar posted a quarterly loss of $2.77 billion, or $40.13 per share, versus a year-ago profit of $255 million, or $3.48 per share.

Its net revenue fell 24% to $3.28 billion. However, analysts were expecting revenue of $3.18 billion.

Navistar's truck segment posted a loss of $160 million, versus a year-ago profit of $287 million.

Navistar shares dropped 4.88% to $21.75 in pre-market trading.

Posted-In: lossEarnings News

 

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