CNH: 2Q Earnings Snapshot
LONDON (AP) _ CNH Industrial NV (CNHI) on Thursday reported second-quarter net income of $414 million.
On a per-share basis, the London-based company said it had net income of 31 cents.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The truck, tractor and bus maker posted revenue of $7.57 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $7.84 billion.
CNH shares have increased roughly 10% since the beginning of the year. The stock has decreased 14% in the last 12 months.