UPDATE: Oshkosh Posts Upbeat FQ1 Earnings, Lifts Forecast
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.
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