Market Overview

UPDATE: Oshkosh Posts Upbeat FQ1 Earnings, Lifts Forecast

Related OSK
United Rentals Upgrade: Bank Of America Thinks Bearish Thesis Has Come To A Close
7 Stocks You Should Be Watching Today
Recent rally in Caterpillar, Joy Global likely too good to last, Citi says (Seeking Alpha)

Oshkosh (NYSE: OSK) 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.

Posted-In: profitEarnings News Guidance


Related Articles (OSK)

View Comments and Join the Discussion!

Get Benzinga's Newsletters