CNH Industrial resumes trade: Misses by $0.04, misses on revs; lowers FY15 guidance
Reports Q1 (Mar) earnings of $0.02 per share, $0.04 worse than the Capital IQ Consensus of $0.06; revenues fell 21.0% year/year to $5.96 bln vs the $6.54 bln consensus, down 11% on a constant currency basis.
- Net sales of Industrial Activities were $5.6 billion, down 12% compared to Q1 2014 on a constant currency basis (down 22% on a reported basis).
- Operating profit of Industrial Activities for the quarter was $223 million ($412 million in Q1 2014), with operating margin at 4.0% (5.7% in Q1 2014).