CNH Industrial N.V. (CNHI) Misses Q2 EPS by 5c
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CNH Industrial closed second quarter with revenues of $7.0 billion, operating profit of Industrial Activities of $401 million, and net income of $122 million
July 29, 2015 7:15 AM EDTLONDON, July 29, 2015 /PRNewswire/ --
Financial results under U.S. GAAP(*) (**)
Second quarter revenues totaled $7.0 billion, down 10% compared to Q2 2014 on a constant currency basis (down 22% on a reported basis). Net sales of Industrial Activities were $6.6 billion, down 10% compared to Q2 2014 on a constant currency basis (down 23% on a reported basis). Operating profit of Industrial Activities for the quarter was $401 million ($678 million in Q2 2014), with operating margin at 6.0% (7.9% in Q2 2014). Costs for research and development and selling, general and administrative... More