Navistar Q4 Loss Narrows - Quick Facts

(RTTNews) - Navistar International Corporation (NAV) announced a fourth quarter 2015 net loss of $50 million or $0.61 per share, compared to net loss of $72 million, or $0.88 per share in a fourth quarter 2014.

Sales and revenues for the quarter declined to $2.488 billion from $3.008 billion in the prior year.

Revenues in the quarter declined 17 percent compared to fourth quarter 2014. Higher Class 6/7 medium and bus chargeouts in the company's Core (U.S. and Canada) market were more than offset by reduced volumes in the company's export and global operations, lower Class 8 truck chargeouts in its Core market, and Navistar's exit earlier this year from the Blue Diamond Truck joint venture.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.54 per share and revenues of $2.53 billion for the fourth-quarter. Analysts' estimates typically exclude special items.

For Full-year 2016, the company expects revenues to be between $9.5 billion - $10.0 billion, adjusted EBITDA of $600 million - $700 million. Analysts expect annual revenues of $9.96 billion.