Oshkosh Corp (NYSE:OSK) stock continues to gain momentum and made another record higher after the company reported a higher than estimated profit and revenue.
The company’s revenue during the fiscal second quarter stood at $1.89 billion, well ahead of Zacks’ estimate of $1.75 billion.
Moreover, the company reported a profit of $99.6 million or $1.44. On an adjusted basis (for restructuring costs and costs related to mergers and acquisitions), the company earned $1.48, topping Zacks Investment Research’s estimates by 33 cents.
Going forward, the company projects full-year earnings in the range of $6.35 to $6.85 per share, with revenue in the range of $7.75 billion to $7.95 billion.
Oshkosh stock is trading higher by 4.58% at $129.04 and made a record high of $130.02. The stock has gained about 53% so far this year and 135% from its 52-week low of $55.32.
Keep an eye on Oshkosh stock as it has been showing a gradual upmove.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.