UPDATE: Navistar Posts FQ3 Loss

Navistar International NAV posted a loss in its fiscal third quarter. Navistar posted a quarterly loss of $247 million, or $3.06 per share, versus a year-earlier profit of $84 million, or $1.22 per share. Excluding one-time items, it lost $2.94 per share. Its revenue dropped 12% to $2.9 billion. However, analysts were expecting a loss of $1.30 per share on revenue of $2.92 billion. Navistar shares closed at $34.01 yesterday.