Apply the Truck's Brakes and Take Profits

Rush Enterprises (RUSHA) on Tuesday reported June quarter results that not only missed expectations, but arguably fired a warning shot across the bows of heavy truck manufacturers such as Paccar (PCAR), Navistar (NAV), AB Volvo (VOLVY), engine manufacturer Cummins (CMI) and truck and trailer vendor Wabash National (WNC).

For the June quarter results, Rush delivered earnings of $0.30 per share, which excluded non-recurring items, which fell short to the tune of $0.12 per share compared to the $0.42 per share in earnings that was expected for the quarter per capital first quarter....475 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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