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CNH Industrial profit jumps in 3Q despite sales decline

from Equipment World

Though the company continues to see sales declines in its agricultural equipment segment, CNH Industrial was able to report increased profit for the third quarter thanks to cost reductions and improved demand in certain markets. The company, which manufactures the Case and New Holland brands of heavy equipment, reported a 1.7 per cent sales decline in the 3Q to $5.7 billion. Profit rose 167 per cent to $39 billion. more

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