ADVFN - Advanced Financial Network.
HOME» NYSE » C » CNH Stock Price » CNH Stock News

Cnh Global Share News

 Cnh Global N.v. Stock Price
CNH Stock Price
 Cnh Global N.v. Stock Chart
CNH Stock Chart
 Cnh Global N.v. Stock News
CNH Stock News
 Cnh Global N.v. Company Information
CNH Company Information
 Cnh Global N.v. Stock Trades
CNH Stock Trades

CNH Sees Improving Orders, But Stock Slides On Outlook

By Doug Cameron Of DOW JONES NEWSWIRES CNH Global N.V. (CNH) said orders for its farm and construction equipment improved during January, but its stock dropped after the company gave a cautious full-year outlook and reported a drop in fourth-quarter earnings. The world's second-largest maker of tractors and combines after Deere & Co. (DE) paced the global market last year. It expects growth this year to be driven by an improving construction environment, mirroring recent outlooks from peers such as Caterpillar Inc. (CAT). Richard Tobin, chief executive, said it would be the end of the first quarter before there is better visibility into the impact of Europe's broader economic woes, though he expressed confidence that demand in China and Brazil would rebound. CNH, a unit of Italy's Fiat Industrial S.p.A. (FI.MI), expects revenue to grow about 5% this year compared with 2011, with farm equipment demand seen flat to up 5% and construction business up 15% to 20%. The stock, always volatile around the company's earnings reports, was recently down 11.2% at $42.29, with analysts expressing concern about potential market share losses and margins. The Illinois-based company reported a profit of $193 million, or 80 cents a share, down from $209 million, or 87 cents a share, in the same period a year earlier. Excluding restructuring and other items, per-share earnings fell to 79 cents from 90 cents. Revenue rose 24% to $5.04 billion. -By Doug Cameron, Dow Jones Newswires; 312-750-4135; [email protected]

Stock News for Cnh Global (CNH)
No Recent News Available

Cnh Global and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations