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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