Jun 7, 2011
Navistar International Corporation (NYSE:NAV) reported Q2 EPS of $1.02 today, falling short of the consensus estimate for $1.17 per share. Revenues for the quarter grew 22.3% year-over-year to $3.35 billion, above the consensus estimate for $3.30 billion.
Daniel C. Ustian, Navistar chairman, president and chief executive officer said, "The second quarter results represent good earnings and strong cash flow from operations while building to deliver to our 2011 and beyond objectives. We continue to see increasing customer acceptance of all our engine and vehicle families, confirming we have the right strategy in place and that we will deliver full year results toward the higher side of our previous guidance."
For the full year, the company tightened its guidance, and now sees 2011 EPS of $5.50 to $6.00, vs. the consensus estimate for $5.46 per share.
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