Benzinga | Sep 9, 2020 07:03AM EDT

Recap: Navistar International Q3 Earnings

Shares of Navistar International (NYSE:NAV) fell 1.7% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 105.44% over the past year to ($0.08), which missed the estimate of ($0.05).

Revenue of $1,675,000,000 declined by 44.94% year over year, which missed the estimate of $1,880,000,000.

Looking Ahead

Navistar International hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Sep 09, 2020

Time: 09:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.navistar.com%2Fevents-and-presentations%2F&eventid=2585868&sessionid=1&key=8912161A28A2CD212E33467BEE0032CE&regTag=&sourcepage=register

Price Action

52-week high: $38.00

Company's 52-week low was at $15.01

Price action over last quarter: Up 25.99%

Company Description

Navistar is a manufacturer of medium- and heavy-duty trucks, school buses, military vehicles, and diesel engines. Its principle markets are North America and Latin America. Its trucks are sold through over 800 dealers in the United States, Canada, and Mexico. It currently commands a 17% share for its core products, which include class 6 through 8 trucks and school buses. The company previously struggled to develop an unconventional diesel emission technology, or EGR, to meet 2010 EPA guidelines, which caused its market share to plummet to 16% in 2015 from 36% in 2009. In 2019, manufacturing revenues were approximately $11 billion.