Navistar International Corporation NAVreported second-quarter fiscal 2018 (ended Apr 30, 2018) earnings per share of 55 cents, beating the Zacks Consensus Estimate of 28 cents. In the prior-year quarter, net loss per share was 86 cents.
Navistar recorded net income of $55 million compared with the net loss of $80 million in the prior-year quarter.
Navistar’s revenues increased 16% year over year to $2.42 billion in the reported quarter. However, revenues missed the Zacks Consensus Estimate of $2.47 billion. This year-over-year improvement was primarily driven by an increase in sales volume of the company’s Class 6-8 vehicles in the United States as well as Canada.