CNH Falls Short, Warns On 2008
10 The farm machinery maker's Q4 profit rose 28% to 50 cents a share ex items, but that missed views by a dime. Revenue rose 35% to $4.33 bil above views. CNH Global (NYSE:CNH - News) expects North American sales of farm machinery to drop by as much as 10% in '08. CNH shares tumbled 16%. Rival Deere (NYSE:DE - News) sold off hard, but rallied with the market to close down 21 cents to 82.94.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment