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%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom 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.

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 UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines