Feb 4 (Reuters) - CNH Industrial ( CNH ) on Tuesday

forecast 2025 profit below Wall Street's estimates, as it

expects sales to be lower year-over-year in both its agriculture

and construction equipment markets in 2025, sending its shares

down 3.7% before the bell.

The Basildon, UK-based company expects 2025 adjusted

earnings to be in the range of 65 cents to 75 cents per share,

missing analysts' estimates of 85 cents per share, according to

data compiled by LSEG.

The company said it continues to produce fewer units than

the retail demand to reduce elevated inventory levels at its

dealers. CNH exited its third quarter with $1 billion to $1.5

billion in excess dealer inventories, it said in its previous

earnings call.

It expects sales in its agriculture segment to be down

between 13% and 18% year-over-year, while sales in the

construction segment is expected to fall between 5% and 10%.

The forecast comes days after peers Deere and AGCO ( AGCO )

released their full-year forecasts, which also failed

to impress Wall Street.

Farm equipment demand remains subdued due to falling farm

incomes globally, forcing farmers to rethink their big-ticket

purchases, leading to higher inventories at dealerships and

moderation in restocking efforts.

CNH, famous for its Case IH and New Holland brand of

tractors, reported quarterly net sales of $4.88 billion, down

28% from the same period last year, but beats analysts'

estimates of $4.51 billion.

The company, formed through the merger of Fiat Industrial

and CNH Global in 2013, reported quarterly adjusted profit of 15

cents per share, missing estimates of 18 cents per share.