Equipment inventories will be in focus when Caterpillar, Deere and CNH Industrial report quarterly results in the coming weeks, as investors await clues on...
- Equipment inventories will be in focus when Caterpillar , Deere and CNH Industrial report quarterly results in the coming weeks, as investors await clues on demand in what is expected to be a lukewarm year for the sector.
"The thing that people are most nervous about is if a lot of inventory gets built, and that isn't going to customers and it sits on dealer lots, then there's a temptation for dealers to cut the price to try to move it off the lot," said Stephen Volkmann, analyst at Jefferies. ** CNH Industrial, set to report on May 2, is likely to see a 19% decline in Q1 revenues, led by weakness in its agriculture segment; EPS is expected to decline sharply to 26 cents
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Deere CNH Industrial Inventories Kristen Owen Soaring Demand
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