Oshkosh Shares Fall 3.6% After Profit Declines, Outlook Cut
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Oshkosh Corp., the U.S. military’s largest supplier of armored trucks, fell 3.6 percent after the company reported a fourth-quarter profit decline and lowered its fiscal 2012 outlook.
Oshkosh, based in Oshkosh, Wisconsin, fell 75 cents to $20.11. Earlier, the shares fell as much as 7.7 percent, the most since Oct. 3. The company lowered its outlook for defense sales by 15 percent, or $225 million, primarily because of a tire shortage affecting military trucks.