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CNH Industrial lowers full-year profit forecast on falling demand for agri products

07/31/2024

Less than a minute

2024.07.31 06:46

© Reuters. FILE PHOTO: Italian-American Industrial vehicle maker CNH's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. REUTERS/Massimo Pinca/File Photo

(Reuters) – Farm and construction equipment maker CNH Industrial (NYSE:) on Wednesday lowered its full-year profit forecast, as slowing demand for its tractors and combines keeps hopes for a recovery in the second half of the year muted.

The company now expects its full year adjusted profit to be in a range of $1.30 to $1.40 per share, compared with $1.45 to $1.55 per share previously.

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07/31/2024

Less than a minute