CNH Industrial Q3 Earnings Miss Expectations, Revenues Fall Y/Y [Yahoo! Finance]
CNH Industrial N.V. Common Shares (CNH)
US:NYSE Investor Relations:
cnhindustrial.com/en-us/investor_relations/overview/pages/default.aspx
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Source: Yahoo! Finance
The figure also missed the Zacks Consensus Estimate of 28 cents. In the third quarter, consolidated revenues declined nearly 22% from the year-ago level to $4.65 billion and missed the consensus mark of $4.77 billion. The company's net sales from industrial activities came in at $3.99 billion, down 25% due to lower industry demand and dealer inventory management. Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar. CNH Industrial N.V. price-consensus-eps-surprise-chart | CNH Industrial N.V. Quote In the third quarter, net sales in the Agriculture segment fell 24% year over year to $3.31 billion due to lower shipment volume. The metric also missed our estimate of $3.46 billion. The segment's adjusted EBIT came in at $336 million, down 48% year over year due to lower volumes. The figure also missed our estimate of $458.6 million. The adjusted EBIT margin decreased to 10.2% from 14.6%. The Construction segment's sales declined 28% year over year to $687 mil
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