Oshkosh beats by $0.13, beats on revs; lower FY16 guidance below consensus
- Reports Q1 (Dec) earnings of $0.19 per share, $0.13 better than the Capital IQ Consensus of $0.06; revenues fell 7.5% year/year to $1.25 bln vs the $1.2 bln Capital IQ Consensus.
- Co issues downside guidance for FY16, sees EPS of $2.20-2.60 vs. $3.07 Capital IQ Consensus Estimate; sees FY16 revs of $5.7-6 mln vs. $6.28 bln Capital IQ Consensus Estimate.
- Co said, "The timing of the award of an international contract for more than 1,000 M-ATVs that we expect to receive has been slowed. We now assume that we will not receive the contract in time to recognize any sales in fiscal 2016