Oshkosh Corporation Q1 Profit Retreats 55%

(RTTNews) - Oshkosh Corporation (OSK) released earnings for first quarter that retreated compared to the same period last year.

The company said its profit fell to $14.6 million, or $0.19 per share. This was lower than $32.6 million, or $0.41 per share, in last year's first quarter.

Analysts had expected the company to earn $0.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.4% to $1.25 billion. This was down from $1.35 billion last year.

Oshkosh Corporation earnings at a glance:

-Earnings (Q1): $14.6 Mln. vs. $32.6 Mln. last year. -Earnings Decline (Y-o-Y): -55.2% -EPS (Q1): $0.19 vs. $0.41 last year. -EPS Decline (Y-o-Y): -53.7% -Analysts Estimate: $0.06 -Revenue (Q1): $1.25 Bln vs. $1.35 Bln last year. -Revenue Change (Y-o-Y): -7.4%

-Guidance: Full year EPS guidance: $2.20 - $2.60 Full year revenue guidance: $5.7 - $6.0 Bln