CNH Industrial (CNHI) on Wednesday reported Q3 revenue of $6.36 billion, down from $6.69 billion a year ago and below the consensus estimate of $6.5 billion compiled by Capital IQ.
Meanwhile, adjusted EPS remained $0.16 year over year, matching the consensus estimate from analysts polled by CapIQ.
The company confirmed its full-year 2019 adjusted EPS guidance to be between $0.84 and $0.88, straddling the $0.85 consensus.
In other news, CNH Industrial appointed Jayanthi Iyengar as chief technology officer to succeed Alan Berger, who is leaving the company. Iyengar previously served as chief innovation and technology officer at Xylem.
Meanwhile, Stefano Pampalone, who has been employed by the company for more than 20 years, will succeed Carl Gustaf Göransson as president construction.
The company’s shares fell 5.4% in morning trading Wednesday.