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WARRENVILLE, Ill. (AP) - Navistar International Corp. said Monday that after reviewing charges related to its engine foundry operations, the company lowered first-quarter results by $2 million.
The company said that costs related to the company's engine foundry business needed to be adjusted to $12 million from $8 million. First-quarter earnings now total $18 million, or 24 cents per share, down slightly from the $20 million, or 27 cents per share, that was previously reported.
Navistar said the first-quarter earnings adjustment doesn't alter its full-year profit forecast of at least $4.60 to $5 per share.
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