CNH Industrial lowers full-year profit forecast on falling demand for agri products-March 2024-www.financetom.com

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

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

Jul 31, 2024 4:05 AM

July 31 (Reuters) - Farm and construction equipment

maker CNH Industrial ( CNH ) 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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