UPDATE: Navistar Reports Surge In FQ4 Profit

Navistar International Corp NAV reported a rise in its fiscal fourth-quarter profit. Navistar's quarterly profit surged to $255 million, or $3.48 per share, from $44 million, or $0.61 per share, in the year-earlier period. On an adjusted basis, Navistar earned $3.37 per share, versus analysts' estimates of $3.02 per share. Navistar's sales climbed to $4.32 billion from $3.37 billion. Navistar shares fell 2.61% to close at $36.54 yesterday.