Image source: Getty Images.
Shares of heavy-duty truck manufacturer Oshkosh Corp (NYSE: OSK) dropped as much as 10% on Friday after giving updated guidance to investors. At 3:00 p.m. EDT, shares were still down 9.5% for the day.
Management said that 2016 revenue will be $6.1 billion to $6.2 billion and earnings per share will come in at $2.85 to $3.00. For 2017 the company expects revenue to grow to $6.5 billion to $6.7 billion and earnings of $3.00 to $3.40 per share.