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Stock Market & Financial Investment News

News Breaks
August 18, 2014
04:55 EDTCNHI, CNHI, CNHI, DE, DE, DEMacquarie to hold a field trip
U.S. Midwest Agri Field Trip travels throughout Chicago on August 18-20.
News For CNHI;DE From The Last 14 Days
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January 29, 2015
08:28 EDTCNHICNH Industrial sees FY15 Industrial Activities sales $28B
Sees FY15 Industrial Activities operating margin to be between 6.1%-6.4%. Sees net industrial debt at the end of 2015 between $2.2 billion and $2.4 billion, with the expected cash generation during the year resulting primarily from the inventory reduction in the Agricultural Equipment segment. CNH Industrial commented, "The Company expects improved profitability in Commercial Vehicles and Construction Equipment, coupled with structural cost improvement measures from the Company's Efficiency Program now extended to Agricultural Equipment. These actions are expected to buffer, but not fully offset the negative impact from the continuation of challenging trading conditions in the row crop sector of the agricultural industry, and the impact of the recent significant appreciation of the US dollar against the Company's other trading currencies, allowing the Company to hold operating margin unless there are further currency deteriorations from the current rate levels outside the United States."
08:27 EDTCNHICNH Industrial board recommending dividend of EUR 20c
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08:27 EDTCNHICNH Industrial reports Q4 EPS 12c, consensus 13c
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January 27, 2015
12:22 EDTDECaterpillar sinks after guidance cut, drags down machinery peers
Shares of Caterpillar (CAT) are falling after the company reported lower than expected profit and reduced its full-year guidance to well below analysts' consensus outlook. WHAT'S NEW: Caterpillar reported fourth quarter earnings per share, excluding certain items, of $1.35, versus analysts' consensus outlook of $1.55. The company's Q4 revenue came in slightly above expectations. However, Caterpillar provided fiscal 2015 EPS guidance, excluding certain items, of about $4.75, versus the consensus outlook of $6.67, and its revenue outlook was about $50B, compared with analysts' consensus estimate of $55B. In October, Caterpillar had provided a "preliminary outlook" for 2015 of no change to a slight increase in its revenue, versus 2014 levels. In 2014 the company reported revenue of $55.18B. Caterpillar blamed its disappointing guidance on weak commodity prices that are negatively impacting its Energy & Transportation business, as well as its mining equipment unit. Caterpillar also lowered its expectations for construction equipment sales in China, noting that while its market position in China has improved, 2015 expectations for the construction industry in China are now lower. ANALYST REACTION: In a note to investors, Wells Fargo wrote that Caterpillar's results are a bad sign for other machinery makers, including Cummins (CMI), Deere (DE), and Terex (TEX). The firm kept a Market Perform rating on Caterpillar. PRICE ACTION: in early afternoon trading, Caterpillar fell 7.5% to $79.61, Cummins dropped 4.6% to $141, Deere declined 3% to $85.76, and Terex fell 4.4% to $22.50.
08:58 EDTDECaterpillar guidance to be negative for shares, says Wells Fargo
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January 23, 2015
08:32 EDTDEDeere announced indefinite layoffs at five locations for workforce adjustments
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