CNH Industrial Reports Q3 Earnings with EPS Beat and Revenue Miss
CNH Industrial (CNH) reported third-quarter financial results featuring a Non-GAAP earnings per share of $0.16, surpassing analyst expectations by $0.06. However, the company's revenue reached $4.35 billion, falling short of estimates by approximately $180 million and representing a 1.1% decline year-over-year. Net income for the quarter was reported at $35 million, which included a significant $156 million non-cash charge related to establishing a valuation allowance against deferred tax assets. Despite the revenue miss, shares rose 2% in after-market trading as investors reacted to the earnings beat and improved guidance.
