CNH Global Earnings Cheat Sheet: Commodities Boom Yields Big Profits

CNH Global N.V. (NYSE:CNH) reported net income above Wall Street’s expectations for the first quarter. 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 Earnings Cheat Sheet for the First Quarter

Results: Net income for CNH Global N.V. rose to $152 million (63 cents/share) vs. $16 million (7 cents/share) YoY. A substantial increase from the year earlier quarter.

Revenue: Rose 17.3% to $3.8 billion YoY.

Actual vs. Wall St. Expectations: CNH beat the mean analyst estimate of 44 cents/share. Estimates ranged from 37 cents per share to 53 cents per share.

Key Stats: Over the last five quarters, revenue has increased 14.1% on average year over year. The biggest increase came in the third quarter of the last fiscal year, when revenue rose 19.6% from the year earlier quarter.

Competitors to Watch: Caterpillar Inc. (NYSE:CAT), Lindsay Corp (NYSE:LNN), Alamo Group (NYSE:ALG), Kubota (NYSE:KUB), Columbus McKinnon (NASDAQ:CMCO), Manitowoc (NYSE:MTW), AGCO (NYSE:AGCO), Arts-Way (NASDAQ:ARTW), Deere & Company (NYSE:DE), and Komatsu Ltd. (KMTU).

Today’s Performance: Shares of┬áCNH are trading at $47.82 as of April 21, 2011 at 11:47 AM ET, up 6% from the previous closing price of $45.09.


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