CNH Industrial Q4 Adj. EPS $0.42, Inline, Sales $6.79B Beat $6.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
CNH Industrial (NYSE:CNHI) reported Q4 earnings of $0.42 per share, meeting analyst estimates and marking a 16.67% increase from last year. Quarterly sales were $6.79B, exceeding the $6.66B estimate but showing a 2.20% decrease from the previous year.
February 14, 2024 | 12:31 pm
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CNH Industrial reported Q4 earnings per share of $0.42, aligning with estimates and showing a 16.67% YOY increase. Sales were $6.79B, surpassing expectations but reflecting a slight YOY decline.
Meeting earnings estimates and showing a year-over-year increase in EPS positively impacts investor sentiment, likely leading to a short-term positive price movement. However, the slight decrease in sales year-over-year might temper the positive impact, but the overall beat on sales estimates suggests a stronger performance than anticipated, supporting a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100