CNH Global N.V. Earnings Keep the Profitability STREAK Alive

CNH Global N.V. (NYSE:CNH) reported its results for the second quarter. CNH Global is a global, full-line company in both the agricultural and construction equipment industries with positions in many significant geographic and product categories in both agricultural and construction equipment.

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CNH Global N.V. Earnings Cheat Sheet

Results: Net income for CNH Global N.V. rose to $355 million ($1.47 per share) vs. $320 million ($1.33 per share) in the same quarter a year earlier. This marks a rise of 10.9% from the year-earlier quarter.

Revenue: Rose 3% to $5.03 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: CNH Global N.V. fell in line with the mean analyst estimate of $1.47 per share.

Key Stats:

Revenue has increased for four quarters in a row. Revenue increased 22.2% to $4.64 billion in the first quarter. The figure rose 26.8% in the fourth quarter of the last fiscal year from the year earlier and climbed 30.3% in the third quarter of the last fiscal year from the year-ago quarter.

The company fell in line with estimates last quarter after beating expectations in the previous two quarters. In the first quarter, it topped the mark by 38 cents, and in the fourth quarter of the last fiscal year, it was ahead by 6 cents.

Net income has increased 86.5% year-over-year on average across the last five quarters. The biggest gain came in the third quarter of the last fiscal year, when income climbed more than threefold from the year-earlier quarter.

Looking Forward: Over the past ninety days, the average estimate for the third quarter has fallen from $1.25 per share to $1.22, indicating that analysts are growing pessisimistic about the company’s performance next quarter. Over the past three months, the average estimate for the fiscal year has climbed from $4.32 per to share to $4.61.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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