CNH Global NV Earnings: Here’s Why the Stock is Rising Now

CNH Global NV (NYSE:CNH) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.27%.

CNH Global NV Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 31.29% to $1.93 in the quarter versus EPS of $1.47 in the year-earlier quarter.

Revenue: Rose 3.77% to $5.48 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: CNH Global NV reported adjusted EPS income of $1.93 per share. By that measure, the company beat the mean analyst estimate of $1.48. It beat the average revenue estimate of $5.27 billion.

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter. EPS increased 45.11% from $1.33 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.38 to a profit $1.36. For the current year, the average estimate is a profit of $5.02, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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