CNH Industrial raises FY revenue guidance after Q1 profit beat forecasts
05/05/2023 12:44
MILAN, May 5 (Reuters) - Agricultural and construction
machine maker CNH Industrial CNHI.MI CNHI.N on Friday raised
forecasts for its full-year revenue of industrial activities as
operating profit topped expectations in the first quarter.
The Italian American company guided for an increase in its
revenue of industrial activities between 8-11% this year, versus
a previous forecast of between 6-10%.
Milan-listed shares in CNH Industrial extended gains after
results were published and were up 1% by 1135 GMT.
(Reporting by Giulio Piovaccari, editing by Gianluca Semeraro)
((giulio.piovaccari@thomsonreuters.com))