Oshkosh reports 45 pct drop in quarterly profit

Newswire

April 26 (Reuters) - U.S. heavy truck maker Oshkosh Corp posted a 45 percent drop in quarterly profit, hurt by a shift in military spending to less-profitable lighter-weight vehicles from more-profitable heavy ones. Fiscal second-quarter profit was $37.3 million, or 41 cents per share, down from $67.9 million or 74 cents per share, a year earlier, the company said on Thursday. (Reporting By Scott Malone; Editing by Maureen Bavdek)

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