August 1, 2019 / 12:52 PM / 3 months ago

CNH Industrial cuts year sales forecasts but sticks to EPS guidance

MILAN (Reuters) - Cnh Industrial trimmed its forecast for full-year revenue but maintained its guidance on profits after lower sales volumes and exchange rates weighed on results at the Italian-American machinery maker in the second quarter.

Cnh Industrial now expects to book fully-year net sales from industrial activities of between $27 billion and $27.5 billion, versus previous guidance of approximately $28 billion.

The company, which makes most of its profit from farming machinery, Iveco commercial vehicles, construction equipment and powertrains, confirmed it expected adjusted diluted earnings per share (Eps) of between $0.84 and $0.88 this year.

Milan-listed shares in the trucks and tractor maker rose as much as 1.8% to a session high after the earnings release.

The company’s main shareholder is Exor, the holding group of Italy’s Agnelli family.

Sul sito www.reuters.it le altre notizie Reuters in italiano. Le top news anche su www.twitter.com/reuters_italia

Reporting by Giulio Piovaccari; Editing by Keith Weir

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below