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CNH Industrial lowers full-year profit forecast on falling demand for agri products By Reuters

July 31, 2024
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© Reuters. FILE PHOTO: Italian-American Industrial vehicle maker CNH's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. REUTERS/Massimo Pinca/File Photo

(Reuters) – Farm and building tools maker CNH Industrial (NYSE:) on Wednesday lowered its full-year revenue forecast, as slowing demand for its tractors and combines retains hopes for a restoration within the second half of the 12 months muted.

The corporate now expects its full 12 months adjusted revenue to be in a spread of $1.30 to $1.40 per share, in contrast with $1.45 to $1.55 per share beforehand.

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Tags: agriCNHdemandFallingForecastfullyearindustriallowersproductsprofitReuters
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