kscarbel2 Posted March 4, 2020 Share Posted March 4, 2020 Tomi Kilgore, MarketWatch / March 4, 2020 Shares of Navistar International Corp. (NAV) were indicated down a little over 1% in pre-market trading Wednesday, after the commercial truck maker reported a bigger-than-expected fiscal first-quarter loss, but said it had received an unsolicited buyout bid during the quarter. Navistar said the bid was from alliance partner TRATON, and the board of directors is "carefully reviewing and evaluating the proposal." For the quarter to January 31, Navistar swung to a net loss of $36 million, or 36 cents a share, from net income of $11 million, or 11 cents a share, in the year-ago period. The FactSet consensus for net loss per share was 31 cents. Revenue fell to $1.84 billion from $2.43 billion, citing declines in sales of Class 6-8 trucks and buses, but topped the FactSet consensus of $1.78 billion. Navistar reiterated its 2020 revenue outlook of $9.25 billion to $9.75 billion. Navistar stock has rallied 12.2% over the past three months through Tuesday, while the S&P 500 has lost 3.5%. Quote Link to comment https://www.bigmacktrucks.com/topic/61272-navistar-reports-wider-than-expected-loss-is-reviewing-buyout-bid-received-during-q1/ Share on other sites More sharing options...
kscarbel2 Posted March 4, 2020 Author Share Posted March 4, 2020 This is a set-up, an engineered excuse to sell out to the Germans. 2 Quote Link to comment https://www.bigmacktrucks.com/topic/61272-navistar-reports-wider-than-expected-loss-is-reviewing-buyout-bid-received-during-q1/#findComment-444404 Share on other sites More sharing options...
Rob Posted March 4, 2020 Share Posted March 4, 2020 5 minutes ago, kscarbel2 said: This is a set-up, an engineered excuse to sell out to the Germans. Exactly. Quote Plodding along with no job nor practical application for my existence, but still trying to fix what's broke. Link to comment https://www.bigmacktrucks.com/topic/61272-navistar-reports-wider-than-expected-loss-is-reviewing-buyout-bid-received-during-q1/#findComment-444405 Share on other sites More sharing options...
james j neiweem Posted March 5, 2020 Share Posted March 5, 2020 (edited) IH board of directors are on the verge of traitordem as far as US truck manufacturing goes. So support Crane Carrier, Paccar, Autocar, Oskosh, Ford, GM etc. Screw VW, Daimler, Fiat and Volvo. Edited March 5, 2020 by james j neiweem Quote Link to comment https://www.bigmacktrucks.com/topic/61272-navistar-reports-wider-than-expected-loss-is-reviewing-buyout-bid-received-during-q1/#findComment-444521 Share on other sites More sharing options...
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