CNH CFO Says Tariffs Are Eating Into Gains That Should Have Gone to Shareholders

CNH Industrial N.V. (NYSE: CNH ) stock jumped nearly 14% on Monday after the agricultural and construction equipment maker reported second-quarter results that beat Wall Street estimates and raised its full-year earnings outlook. Adjusted earnings came in at 13 cents per share, above the analyst estimate of 10 cents. Revenue rose 2% year over year to $4.80 billion, topping the consensus estimate of $4.38 billion. Industrial Activities net sales increased 3% to $4.14 billion. Earnings Beat Despite Lower Profit GAAP net income fell to $141 million from $217 million a year earlier, while diluted earnings per share declined to 11 cents from 17 cents. Adjusted net income dropped 25% to $161 million, and adjusted EPS fell to 13 cents from 17 cents. Industrial Activities adjusted EBIT declined 25% to $167 million. The adjusted EBIT margin narrowed 160 basis points to 4%. Agriculture, Constru...