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Deere Peer CNH Cuts 2024 Guidance. Both Stocks Are Up.

Al Root
·3-min read
Deere Peer CNH Cuts 2024 Guidance. Both Stocks Are Up.

Agriculture and construction machinery maker CNH Industrial reported slightly better-than-expected first-quarter earnings on Thursday morning. Thursday morning, CNH reported first-quarter adjusted earnings per share of 33 cents from sales of $4.8 billion. “The CNH team navigated a declining market environment in the first quarter, as lower industry demand persisted especially in South America and Europe,” said CEO Scott Wine in a news release.

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