CNH Industrial N.V. (CNHI) Misses Q3 EPS by 9c
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CNH Industrial third quarter revenues of $5.9 billion, operating profit of Industrial Activities of $245 million at a margin of 4.4%, net loss of $128 million including the exceptional charge of $150
October 29, 2015 10:15 AM EDTLONDON, Oct. 29, 2015 /PRNewswire/ --
Financial results under U.S. GAAP(*) (**)
Third quarter revenues totaled $5.9 billion, down 13% compared to Q3 2014 on a constant currency basis (down 24% on a reported basis). Net sales of Industrial Activities were $5.5 billion, down 13% compared to Q3 2014 on a constant currency basis (down 25% on a reported basis). Operating profit of Industrial Activities for the quarter was $245 million ($522 million in Q3 2014), with operating margin at 4.4% (7.1% in Q3 2014). Costs for research and development and selling, general and administrative expenses... More