Although Navistar International lost $50 million in the fourth quarter of fiscal 1986, despite a 6.6% jump in sales, the firm said results were distorted by a special charge and that the company actually did better than expected. For the year, Navistar earned $2 million, compared to a loss of $364 million a year earlier. The fourth-quarter loss for the former International Harvester includes a $66-million charge representing a reduction in the value of the company's investment in stock of Tenneco. The stock, which has fallen in price, was acquired in 1985 as partial payment for the sale of Navistar's agricultural-equipment business.
For detailed data and results of other companies, please see accompanying tables.