CNH Industrial lowers 2023 guidance on worsening market conditions

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Explore stories from Atlantic Canada.

Deja Bù: Mark reconnects with Jessica Harnois, founder Bù Wines | SaltWire - Agricultural and construction machinery maker CNH Industrial on Tuesday lowered its 2023 revenue forecast, citing the softening of end market conditions predominantly in South America.

The Italian-American company guided for an increase in its net revenue from industrial activities of between 3-6% this year, versus a previous forecast of 8-11%. CNH posted a 1% yearly decline in net sales from industrial activities for the third quarter to $5.33 billion. Its Milan-listed shares turned negative after the results were published and were automatically halted from trading after falling 5.3% by 1235 GMT.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines