CNH Industrial reports 10% drop in Q2 revenues (2)

Reduces guidance for 2015 to sales between $26 bn and $27 bn

(ANSA) - Turin, July 29 - CNH Industrial, which manufacturers farm equipment and large trucks for construction, said Wednesday that it closed the second quarter with revenues of just under $7 billion - a 10% drop compared with the same quarter last year. It said it now expects industrial sales of between $26 billion and $27 billion for the year. Net income was $122 million, or $0.09 per share, the company said. Net income before restructuring and other exceptional items was $141 million, or $0.11 per share, down $241 million compared to Q2 2014. Net industrial debt was $3 billion as of June 30.


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