UPDATE: Oshkosh Posts Upbeat FQ1 Earnings, Lifts Forecast

Oshkosh

posted upbeat fiscal first-quarter earnings and lifted its full-year forecast. Oshkosh's quarterly profit surged to $54.9 million, or $0.63 per share, from a year-ago profit of $46.3 million, or $0.51 per share. Its revenue dropped 12.6% to $1.53 billion. However, analysts were projecting a profit of $0.33 per share on revenue of $1.46 billion. Oshkosh lifted its full-year earnings outlook to $3.40 to $3.65 per share versus $3.10 to $3.40 per share. Oshkosh shares gained 5.79% to $53.91 in pre-market trading.