This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Oshkosh Beats on Military ATV Sales

OSHKOSH, Wisc. ( TheStreet) -- The deals that truck-maker Oshkosh (OSK - Get Report) has cut with the Pentagon to produce all-terrain vehicles for the wars in Iraq and, much more increasingly, Afghanistan have started to show on the company's bottom line.

Oshkosh reported fiscal fourth-quarter results that easily topped expectations, and investors snapped up the company's shares, which were trading on heavy volume recently at $35.12, up 10.3%, or $3.29.

Oshkosh said its adjusted profit in the fiscal fourth-quarter, taking into account a slew of items (inventory benefits, a tax benefit and gains from discontinued operations), came to 27 cents a share. Analysts were expecting EPS of 16 cents.

Still, the company's defense deals could not totally offset the slump in the construction industry, for which Oshkosh builds heavy machinery. Revenue in the period fell to $1.49 billion from $1.85 billion a year ago. But the top line did surpass Wall Street's target of $1.4 billion in revenue.

Including all the one-time gains, Oshkosh had net income of $140.3 million, or $1.68 a share, up almost three-fold from the year-ago period's $53.7 million, or 72 cents a share.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
OSK $43.05 -1.78%
AAPL $118.03 -0.71%
FB $105.41 -0.31%
GOOG $748.15 -0.02%
TSLA $229.64 5.22%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs