NEW YORK — CNH Industrial N.V. (CNH) shares climbed 12 percent by 11:25 a.m. ET Monday, after the company reported second-quarter results that beat Wall Street expectations on both the top and bottom lines. The S&P 500 rose 1.1 percent and the Nasdaq Composite gained 1.7 percent over the same period.
CNH posted second-quarter earnings per share of $0.11, topping the analyst consensus of $0.09. Revenue came in at approximately $4.8 billion, about $50 million above the average forecast of $4.75 billion.
Adjusted net income fell roughly 25 percent year-over-year to $161 million, a smaller decline than analysts had projected. Management said the business has reached the low point of the agricultural demand cycle, suggesting a potential recovery ahead.
On guidance, CNH now expects agricultural segment net sales to be roughly flat for full-year 2026, including a two percent currency tailwind. That is an improvement from its prior forecast of down five percent to flat, with the same exchange rate assumption.
The construction segment outlook was revised more sharply. CNH now targets revenue growth of five percent to 10 percent for that division, up from prior guidance of roughly flat.
Reflecting both upgrades, CNH raised its full-year adjusted EPS guidance to a range of $0.41 to $0.46, from a prior range of $0.35 to $0.45.
Following Monday's gain, CNH shares are up approximately 26.5 percent year-to-date. The stock has traded within a 52-week range of $9.00 to $13.31.
