** Shares of farm and construction equipment maker CNH Industrial CNH.N down nearly 11.2% to $9.1 premarket

** CNH lowers FY profit forecast, as it scales back production of tractors and combines on sluggish demand

** Expects FY adj profit to be between 44 and 50 cents per share, from 50 to 70 cents earlier

** Posts Q3 adj profit of eight cents per share, below analysts' average estimates of 13 cents - data compiled by LSEG

** Its quarterly revenue came at $4.39 bln, beating Wall Street's estimate of $3.91 bln

** Eleven of 20 brokerages rate the stock "buy" or higher and nine "hold"; their median PT is $14, according to data compiled by LSEG

** As of last close, shares down 9.4% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))