Why Agriculture & Construction Equipment Maker CNH Industrial's Shares Are Diving Today

Grand News Network | November 7, 2023

CNH Industrial NV (NYSE: CNHI) shares are trading lower by around 9% after it reported Q3 FY23 earnings results.

Revenue grew 2% Y/Y to $5.99 billion, flat Y/Y at a constant currency basis, missing the consensus of $6.06 billion.

Net sales of Industrial Activities were $5.33 billion, down 1%Y/Y, mainly due to a decline in industry demand in Agriculture in South America and EMEA. 

Pricing continued to be favorable for both Industrial segments, and Construction net sales grew by around 6%.

Adjusted EPS of $0.42 beats the consensus of $0.41.

The gross profit margin ...

Full story available on Benzinga.com


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