CNH Industrial NV (CNHI) Releases Earnings Results, Reports EPS of $0.10 EPS

CNH Industrial NV (CNHI) reported quarterly earnings results on Tuesday, Jul-26-2016. The company reported $0.10 EPS for the quarter. Analysts had a consensus estimate of $0.10. The company posted revenue of $6753.00 million in the period, compared to analysts expectations of $5861.55 million. The company’s revenue was down -2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

Many Wall Street Analysts have commented on CNH Industrial NV. CNH Industrial NV was Downgraded by Piper Jaffray to ” Underweight” on Jul 25, 2016. CNH Industrial NV was Downgraded by BofA/Merrill to ” Underperform” on Jul 7, 2016. Company shares were Reiterated by Barclays on May 2, 2016 to “Underweight”, Firm has raised the Price Target to $ 6 from a previous price target of $5 .

CNH Industrial NV opened for trading at $6.78 and hit $6.88 on the upside on Wednesday, eventually ending the session at $6.83, with a gain of 1.19% or 0.08 points. The heightened volatility saw the trading volume jump to 11,02,259 shares. Company has a market cap of $9,303 M.

CNH Industrial NV is a Netherlands-based company primarily engaged in the manufacture of heavy machinery and vehicles equipment. It divides its activities into four main businesses. The Agricultural Equipment offers agricultural equipment under the New Holland Agriculture Case IH brands and the Steyr brand. The Construction Equipment produces excavators bulldozers backhoes compactors and other construction equipment under the New Holland Construction and Case Construction Equipment brands. The Trucks & Commercial Vehicles manufactures trucks and a commercial vehicles including buses coaches and special vehicles under Iveco Iveco Bus and Heuliez Bus brands as well as it produces quarry and mining equipment through Iveco Astra and fire fighting vehicles through the Iveco Magirus brand. The Powertrain offers transmission systems engines for marine application and power generation through FPT Industrial brand.

CNH Industrial NV

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