Navistar and Nike Shares Generate Trading Interest After Earnings

Navistar International Corporation (NYSE:NAV) reported net income above Wall Street’s expectations for the fourth quarter. Net income for Navistar International Corporation rose to $255 million ($3.48 per share) vs. $44 million (61 cents per share) in the same quarter a year earlier. This marks a substantial increase from the year earlier quarter. Revenue rose 28% to $4.32 billion from the year earlier quarter. NAV reported adjusted net income of $3.37 per share. By that measure, the company beat the mean estimate of $3.20 per share. It fell short of the average revenue estimate of $4.46 billion.

“We are pleased that we have finished the year strong and delivered solid fourth quarter results across all segments,” said Daniel C. Ustian, Navistar chairman, president and chief executive officer. “Not only did we deliver on 2011 commitments, we continued to invest in our strategy and set the foundation for a strong 2012.”

Competitors to Watch: PACCAR Inc (NASDAQ:PCAR), Oshkosh Corporation (NYSE:OSK), Ford Motor Company (NYSE:F), AB Volvo (VOLVY), Spartan Motors, Inc. (NASDAQ:SPAR), Wabash National Corp. (NYSE:WNC), Caterpillar Inc. (NYSE:CAT), Cummins Inc. (NYSE:CMI), Daimler AG (DDAIF), and Toyota Motor Corp. (NYSE:TM).

Nike Inc. (NYSE:NKE) reported its results for the second quarter. Net income for Nike Inc. rose to $469 million ($1 per share) vs. $457 million (94 cents per share) in the same quarter a year earlier. This marks a rise of 3% from the year earlier quarter. Revenue rose 18% to $5.7 billion from the year earlier quarter.

“Our strong second quarter results demonstrate that the NIKE, Inc. portfolio is a powerful engine for growth,” said Mark Parker, President and CEO, NIKE, Inc. “We’re able to accomplish this by staying focused on what we do best – deliver innovative products and experiences that serve athletes, inspire consumers and reward our shareholders. Going forward we’ll continue to use the unique power of our portfolio to drive growth, manage risk and connect with consumers.”

Competitors to Watch: Crocs, Inc. (NASDAQ:CROX), Deckers Outdoor Corp. (NASDAQ:DECK), Skechers USA, Inc. (NYSE:SKX), K-Swiss Inc. (NASDAQ:KSWS), Steven Madden, Ltd. (NASDAQ:SHOO), The Timberland Company (NYSE:TBL), The Global Housing Group (GLHO), adidas AG (ADDYY), LaCrosse Footwear, Inc. (NASDAQ:BOOT), and Phoenix Footwear Group, Inc. (AMEX:PXG).