Navistar International Corporation Issues Q3 2012 Guidance; Revenue Guidance Below Analysts' Estimates; Withdraws FY 2012 Guidance

Navistar International Corporation provided guidance for the third quarter of 2012 and withdrew its fiscal 2012 guidance until the company releases its third quarter results in September, at which time it will provide an updated fiscal 2012 guidance. The Company's third quarter revenues are expected to be between $2.8-$3 billion, adjusted pretax loss of between $115-$80 million and Including the impact of the engineering integration and non-conformance penalties Navistar expects a pretax loss of between $145-$105 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $3.4 billion for fiscal 2012.