Why Navistar International Stock Popped on Tuesday
Truckmaker Navistar (NYSE: NAV) saw its stock surge as much as 12.6% in early trading Tuesday after reporting a blowout fiscal fourth quarter. Even after the initial wave of enthusiasm had passed, Navistar still ended the day up 7.4% -- and no wonder.
The $1.36 per share that Navistar reported for fiscal Q4 profits was more than twice the $0.65 that Wall Street had predicted it would earn. Sales for the quarter -- $2.6 billion -- likewise easily beat analysts' consensus estimates for $2.3 billion.
Navistar forecasts a brighter tomorrow -- and today was pretty sunny, too. Image source: Getty Images.
Source: Fool.com
