CNH Industrial N.V. Reports Third Quarter 2024 Results
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CNH Industrial N.V. reported a 22% decline in third-quarter revenue due to lower industry demand. The company achieved a diluted EPS of $0.24, down from $0.40 the previous year. Despite cost-saving efforts, CNH lowered its full-year 2024 guidance due to weak markets and high inventory levels.
November 07, 2024 | 9:45 pm
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CNH Industrial's Q3 2024 results show a 22% revenue decline and EPS of $0.24, down from $0.40 last year. The company lowered its full-year guidance due to weak market conditions and high inventory levels.
The significant decline in revenue and EPS, along with the lowered full-year guidance, indicates negative market conditions and challenges for CNH Industrial. This is likely to impact the stock price negatively in the short term.
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