CNH Industrial (CNHI) Q1 Earnings Beat Estimates, Decline Y/Y

CNH Industrial (CNHI) reported first-quarter 2024 adjusted earnings per share (EPS) of 33 cents, down from 35 cents in the prior-year quarter. The figure, however, beat the Zacks Consensus Estimate of 26 cents.In the first quarter, consolidated revenues declined nearly 10% from the year-ago level to $4.82 billion and beat the consensus mark of $4.64 billion. The company’s net sales from industrial activities came in at $4.13 billion, down 14% due to lower industry demand and dealer inventory management.Segm ...