CNH Industrial resumes trades after missing Q4 ests
CNHI is down 5% after reporting Q4 EPS EUR 0.12 vs. the $0.18 consensus; rev -1.1% to EUR 6.93 bln vs. the EUR 7.55 bln consensus. Co sees FY14 rev flat to +5% vs. +3.5% consenus; with margin 7.8-8.2%.
"Projected improvements in operating performan ces in the Trucks and Commercial Vehicles and Construction Equipment businesses, coupled with continue d industrial efficiencies, are expected to offset the projected decline in unit demand of agricultural product equipment forecasted for 2014.