CNH Global NV (CNH) released earnings for first quarter that decreased from the same period last year in line with the Street estimates.
The company's earnings came in at $131 million, or $0.10 per share. This compares with $368 million, or $0.29 per share, last year.
Excluding items, CNH Global NV reported adjusted earnings of $132 million or $0.10 per share for the period.
Analysts on average had expected the company to earn $0.1 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 20.5% to $3.828 billion from $4.818 billion last year.
CNH Global NV earnings at a glance (GAAP) :
-Earnings: $131 Mln. vs. $368 Mln. last year.
-EPS: $0.10 vs. $0.29 last year.
-Revenue: $3.828 Bln vs. $4.818 Bln last year.
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