--> -4%
CNH Industrial misses by $0.06, misses on revs; reaffirms sales, lower margin guidance (
Reports Q2 (Jun) adj. earnings of $0.11 per share, €0.06 worse than the Capital IQ Consensus of $0.17; revenues fell 21.9% year/year to $6.96 bln vs the $7.48 bln consensus.
- Full year guidance updated as follows: net sales of Industrial Activities in the range of $26-27 billion, with operating margin of Industrial Activities between 5.6% and 6.0% (from 6.1-6.4%) and net industrial debt at the end of 2015 between $2.0 billion and $2.2 billion.
