CNH Industrial Q2 Features 8% Topline Growth, Net Sales Expect To Be Up In Second Half: 'Transforming The Business' Says CEO
Portfolio Pulse from Nabaparna Bhattacharya
CNH Industrial NV reported Q2 FY23 revenue growth of 8% YoY to $6.57 billion, beating the consensus of $6.44 billion. Adjusted EPS of $0.52 also beat the consensus of $0.48. The company reaffirmed the 2023 outlook for its Industrial Activities, expecting net sales to be up between 8% and 11% YoY. Despite the positive report, CNHI shares are trading lower by 5.69% at $14.41.
July 28, 2023 | 5:31 pm
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CNH Industrial NV reported strong Q2 FY23 results, beating revenue and EPS consensus. The company also reaffirmed its 2023 outlook. Despite this, CNHI shares are trading lower.
Despite reporting strong Q2 FY23 results and reaffirming its 2023 outlook, CNH Industrial NV's shares are trading lower. This could be due to market factors outside the company's control or investor sentiment not aligning with the company's performance.
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