Lori Gilmore
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Navistar posts quarterly loss

Navistar International swung to a fiscal third-quarter loss owing to lower volumes in its core North America truck business. 

Though the company attributed the decline in volume to the impact of its transition to its new emissions treatment system and weaker industry conditions the results tell their own story.  

Then for the quarter ended July 31, Navistar reported a loss of $247 million, or $3.06 a share, versus a year-ago profit of $84 million, or $1.22 a share. Revenue fell 12% to $2.9 billion.

I think that shares will react negatively at least in a short term. The nearest support line is $32.28 and they can even fall further to $29.64.