02.09.2015 - Navistar's revenue fell by 11%
Manufacturer of trucks Navistar announced an increase in the loss of 11% in the last quarter. As a result, the company announced its intention to speed up the process by spending cuts. According to the plans, these steps will finish 2016 with a profit. In general, the loss totaled $ 28 million versus $ 2 million loss for the same period last year. Revenue fell to 2.54 billion vs. expected 2.75 billion. At the moment, we see no reason for the growth of quotations of the company in the medium term, but in the next year quotations may increase by 20-25%.