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Why Navistar Stock Popped 11% Today

What happened
Shares of truckmaker Navistar (NYSE: NAV) were up 11% as of 12:35 p.m. EST on Tuesday after the company reported strong results for its fiscal fourth quarter and full-year 2018.

Q4 earnings of $1.89 per share easily beat analyst estimates for $1.68. Sales, which came in above $3.3 billion, likewise exceeded expectations.

Navistar results are racing ahead of estimates.

So what
Navistar grew its quarterly profits 39% versus last year's Q4. Sales for the quarter increased 28% year over year, largely driven by a 45% increase in sales of Class 6-8 trucks and buses in the United States and Canada.

The quarter's results capped a strong year, and marked a welcome return to health for Navistar after a weak 2017. Profits for all of 2018 combined surged roughly 10 times year over year, from just $0.32 per share earned in 2017, to $3.41 for fiscal 2018. Sales for the year increased 20% over 2017 levels.

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https://finance.yahoo.com/news/why-navis...ccounter=1

Navistar Slides on First-Quarter Earnings Miss

Shares of Navistar International Corp. felll Friday after the the truck and bus manufacturer missed Wall Street's first-quarter earnings expectations.

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The Lisle, Illinois-based company reported first-quarter earnings of 11 cents a share, up from a year-ago loss of 74 cents, but short of analysts' expectation of 15 cents a share. Sales increased 28% to $2.4 billion, while Wall Street was looking for $2.2 billion in revenue. The revenue boost was driven by a 50% increase in the company's core volumes, which represent its sales of Class 6-8 trucks and buses in the United States and Canada.

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https://www.thestreet.com/investing/navi...yptr=yahoo