NEW YORK (TheStreet) -- Navistar International (NAV) shares are down 6.43% to $25.34 in early market trading on Thursday after the commercial and military truck manufacturer reported its second quarter earnings results before the opening bell today.
The Lisle, IL-based company reported a second quarter net loss of $64 million which translates to a net loss of 57 cents per diluted share on an adjusted basis.
Analysts on average were expecting the company to report a net loss of just 17 cents per share.
Revenue for the period fell 2% year over year to $2.69 billion, also missing analysts' $2.83 billion guidance for the quarter.
TheStreet Ratings team rates NAVISTAR INTERNATIONAL CORP as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate NAVISTAR INTERNATIONAL CORP (NAV) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow, poor profit margins and generally disappointing historical performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: NAV Ratings Report