CNH Industrial Q3 Earnings Miss Expectations, Revenues Fall Y/Y
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CNH Industrial reported lower-than-expected Q3 earnings and a year-over-year decline in revenues. The company also revised its 2024 Agriculture sales forecast, expecting a decrease of 22-23%, compared to the previously projected decline of 15-20%.
November 14, 2024 | 5:00 pm
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CNH Industrial's Q3 earnings missed expectations, and the company revised its 2024 Agriculture sales forecast to a larger decline than previously projected.
The earnings miss and downward revision of the Agriculture sales forecast are likely to negatively impact CNH Industrial's stock price in the short term. Investors may react to the larger-than-expected decline in sales projections.
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