CNH Industrial posts higher operating profit in Q2, pushed by strong sales
28/07/2023 12:44
MILAN, July 28 (Reuters) - Agricultural and construction
machine maker CNH Industrial CNHI.MI CNHI.N said on Friday
its operating profit grew in the second quarter, on favourable
market conditions and growing sales.
The Italian-American group said its adjusted earnings before
interest and tax (EBIT) from industrial activities rose by over
25% to $822 million in the April-June period.
Milan-listed shares extended losses after results were
published and were down 2.8% by 11:42 GMT.
(Reporting by Giulio Piovaccari, Alessandro Parodi, editing by
Gavin Jones)
((giulio.piovaccari@thomsonreuters.com))