Thursday, March 10, 2011
Construction News Headlines for March 10, 2011
Navistar Raises 2011 Forecast Despite Q1 Disappointment
Truck and engine maker Navistar International raised its forecast for the North American market and said it was on track to reach the high end of its 2011 profit target, sending its shares up nearly 4%. The positive movement comes despite a first-quarter (ended January 31) net loss of $6 million, compared with net income of $19 million a year earlier. The loss is attributed to special costs related to the relocating
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