Navistar International Corp. (NAV) reported a first quarter loss from continuing operations of $1.42 per share Thursday morning, compared to the loss of $2.06 per share last year. The consensus estimate was for a loss of $1.76.
The company also announced that its Board of Directors has appointed Troy Clarke as president and chief executive officer, effective April 15.
Navistar International gapped up sharply Thursday and climbed during the first 2 hours of trade. The stock finished with a gain of 6.93 at $31.89, with volume at a 9-month high. Navistar broke out of a 5-week range and set nearly a 10-month high.
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