Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of vehicle manufacturer Navistar
So what: Fourth-quarter revenue added up to $4.3 billion, with earnings per share of $3.37. The figures were mixed compared to the consensus estimates of $4.45 billion in sales and $3.08 per share in profit. The full fiscal year posted the best earnings since 2008.
Now what: The fourth quarter marked increases in worldwide unit charge-outs in North American and global businesses. Throughout the year, Navistar also repurchased roughly 2.7 million shares of its stock, and is on track to finish out its $175-million stock-repurchase program in early 2012. Navistar CEO Dan Ustian also hinted that the company may collaborate with rival Oshkosh
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