Navistar International Corporation recorded net income of $102 million or $1.02 per share in fourth-quarter fiscal 2019 (ended Oct 31, 2019) compared with the prior-year quarter’s $188 million or $1.89 per share.
Adjusted earnings per share for the reported quarter came in at $1.14, which surpassed the Zacks Consensus Estimate of 89 cents. Solid contribution from the Parts segment, aided by improving North American operations, resulted in this outperformance. This comes in lower than the $1.89 per share reported a year ago.
The company generated $2,780 million in revenues, which beat the Zacks Consensus Estimate of $2,775 million. The revenue figure, however, marks a 16% fall from the year-earlier reported figure, which resulted from lower industry demand.
Navistar International Corporation Price, Consensus and EPS Surprise