CNH Industrial gains after raising annual profit forecast
03/08/2026 14:39
BUZZ-CNH Industrial gains after raising annual profit forecast Updates
** Shares of farm-equipment manufacturer CNH Industrial CNH.N jumps more than 15% to $11.77 in morning trading
** Company lifts annual profit target on cost cuts, leaner production and stronger construction equipment demand
** It expects 2026 adjusted profit in the range of 41 cents to 46 cents per share, up from an earlier forecast of 35 cents to 45 cents per share
** CNH reports adjusted profit of 13 cents/share, down from 17 cents/share the year before but above analysts' expectation of a 10 cents/share profit — data compiled by LSEG
** Posts Q2 revenue of $4.8 billion, above analysts' estimate of $4.38 billion
** Including sessions move, shares up 25.8% YTD
(Reporting by Apratim Sarkar in Bengaluru)
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CNH raises annual profit forecast on improving construction equipment demand (updated)