Navistar International Corporation (NYSE:NAV) Reports 4Q18 Profit Up

Navistar International Corporation (NYSE:NAV) reported fourth quarter earnings before the bell today, that beat street view.

On a GAAP basis, NAV reported net income of $ 188.00 million or $ 1.89 per share, compared with income of $ 135.00 million or $ 1.36 per share, a year ago period.

Headquartered in Lisle, Illinois, NAV recorded revenue that rose 28% to $ 3.32 billion from $ 2.60 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected Navistar International to reveal income of $ 1.71 per share on revenue of $ 3.22 billion for the fourth quarter.

Troy Clarke, CEO, commented, 2018 was a very strong year for the industry, and a breakout year for Navistar. We were the only truck OEM to grow Class 8 share during the year. With the industry’s newest product line-up, superior quality and a strong focus on customer uptime, we expect to gain market share in 2019 for the third year in a row.