July 26, 2018 / 12:59 PM / 21 days ago

CNH Industrial revises guidance after strong Q2, shares up 5 pct

MILAN, July 26 (Reuters) - Trucks and tractor maker CNH Industrial on Thursday improved its guidance for the full year after reporting better-than-expected second-quarter earnings, pushing shares up more than 5 percent.

The company, created from the merger of Fiat Industrial and its U.S. unit CNH, said adjusted operating profit for its industrial activities in April-June rose 44 percent to $571 million, while net industrial sales increased 16 percent to $7.58 billion.

The company said it expects to report a 2018 adjusted diluted EPS of between $0.67 and $0.71, up from $0.65-0.67 forecast previously, and decrease its net industrial debt to between $0.7-0.9 billion, compared with a previous guidance of $0.8-1.0 billion.

Reporting by Agnieszka Flak; editing by Francesca Landini

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