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Oshkosh Truck Hit by Profit Miss

Shares slide 8% as both revenue and earnings come up short.

Shares of

Oshkosh Truck

(OSK) - Get Oshkosh Corp Report

slid 8% Tuesday after the specialty-vehicle maker's fourth-quarter earnings and revenue missed analyst estimates.

For the quarter ended Sept. 30, The Oshkosh, Wis.-based company earned $49.2 million, or 66 cents a share, compared with $42.8 million, or 58 cents a share, for the year ago period. Analysts polled by Thomson First Call expected earnings of 72 cents a share.

Fourth-quarter revenue rose 9.8% to $904.4 million, compared with analysts' expectation of $919.31 million.

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By segment, commercial sales increased 20% to $319.1 million, fire and emergency sales rose 27% to $268.4 million, and defense sales decreased 7.4% to $328.6 million.

For fiscal 2007, the company estimates earnings of $3.05 to $3.15 a share for fiscal 2007, excluding the effects of its pending acquisition of

JLG Industries


. Analysts predict fiscal 2007 earnings of $3.39 a share.

Oshkosh shares were trading down $3.96 to $45.90, on nearly six times their average volume.

This story was created through a joint venture between and IRIS.