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CNH Industrial Shares Jump Over 15% After Beating Estimates and Raising Full-Year Earnings Guidance
['Jason Taylor']
International Business Times Australia
Adjusted net income came in at $161 million, with adjusted diluted earnings per share of 13 cents, exceeding analyst estimates that had centered around 10 to 11 cents.
The company narrowed its full-year 2026 adjusted earnings per share guidance to a range of 41 to 46 cents, from the previous range of 35 to 45 cents.
Construction equipment demand, especially in North America, provided a brighter offset to softer agricultural trends.
CNH Industrial designs, manufactures and sells agricultural and construction equipment under brands including Case IH, New Holland and CASE Construction Equipment.
The agricultural equipment sector has faced multi-year pressure from lower farm incomes in some regions, elevated equipment inventories and cautious purchasing by farmers.