BUZZ-CNH Industrial falls after lowering 2025 profit forecast

Reuters
01 May
BUZZ-CNH Industrial falls after lowering 2025 profit forecast

** Farm and construction equipment maker CNH Industrial's CNH.N shares down 2.6% at $11 premarket

** Company slashed its annual profit forecast, hurt by subdued demand for its machines amid economic uncertainty triggered by tariffs

** CNH now expects 2025 adjusted profit to be 50 cents/share to 70 cents/share, compared with its earlier forecast range of 65 cents/share to 75 cents/share

** Posts Q1 net sales of $3.83 billion, compared with analysts' estimate of $3.51 billion, as per data compiled by LSEG

** Q1 adjusted EPS of 10 cents/share is in line with analyst estimates

** Ten of 18 brokerages rate the stock "buy" or higher and eight "hold"; their median PT is $14

** As of last close, stock had risen 2.1% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

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