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Why Navistar (NAV) Stock Is Slumping Today

NEW YORK (TheStreet) -- Shares of Navistar Int'l (NAV) were down 5.89% to $17.90 in pre-market trading on Thursday as the company reported weaker-than-anticipated results for the 2016 fiscal third quarter and said one of its units received a subpoena from the Department of Defense.

Before today's opening bell, the Lisle, IL-based truck manufacturer posted a net loss of 42 cents per diluted share. Losses, adjusted for non-recurring costs and asset impairment costs, were 13 cents per share, according to the Associated Press.

Analysts were looking for earnings of 15...


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