Oshkosh Q2 Profit Declines; Maintains 2014 Adj. EPS Estimate

(RTTNews) - Oshkosh Corp. (OSK) reported second-quarter net income to shareholders of $71.2 million, or $0.83 per share, compared to $86.0 million, or $0.97 per share, previous year. Adjusted net income was $69.0 million, or $0.80 per share, for the quarter.

On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.83 for the quarter. Analysts' estimates typically exclude special items.

Consolidated net sales were $1.68 billion, a decrease of 15.4 percent from $1.98 billion. Analysts expected revenue of $1.68 billion for the quarter.

The company maintained its full-year fiscal 2014 adjusted earnings per share expectations of $3.40 to $3.65. The company expects consolidated sales to be approximately $6.7 billion to $6.8 billion. Analysts expect the company to report fiscal 2014 earnings per share of $3.65 on revenue of $6.84 billion.