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%.

Navistar Logo

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.