CNH Global Earnings: Here’s Why Investors are Not Happy 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 down 6.28%.

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CNH Global NV Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 19.82% to $1.33 in the quarter versus EPS of $1.11 in the year-earlier quarter.

Revenue: Decreased 4.12% to $4.7 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: CNH Global NV reported adjusted EPS income of $1.33 per share. By that measure, the company beat the mean analyst estimate of $0.95. It beat the average revenue estimate of $4.52 billion.

Quoting Management: There was no comment from management.

Key Stats (on next page)…

Revenue decreased 9.45% from $5.19 billion in the previous quarter. EPS increased 44.57% from $0.92 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.44 to a profit $1.46. For the current year, the average estimate has moved up from a profit of $4.73 to a profit of $4.92 over the last ninety days.

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

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