Navistar posts wider second-quarter loss on warranty charges
CHICAGO (Reuters) - Navistar International Corp (NAV.N) posted a wider quarterly loss on Monday, attributing it to higher warranty costs and lower sales volumes.
The U.S. truck and engine maker said it lost $374 million, or $4.65 a share, during the fiscal second quarter. During the comparable period last year, it posted a loss of $172 million, or $2.50 per diluted share.
Revenue fell 23 percent to $2.5 billion.
Analysts, on average, had expected the Lisle, Illinois-based company to report a loss of $1.13 a share, according to Thomson Reuters I/B/E/S.
(Reporting by James B. Kelleher)