Why CNH Industrial Stock Is Skyrocketing Today

CNH Industrial stock surged 11-12% on Monday following strong Q2 earnings that beat Wall Street expectations. The company reported EPS of $0.11 on $4.8B in sales, exceeding analyst targets. Management raised full-year guidance significantly, expecting agricultural segment revenue to be roughly flat (up from previous down 5% to flat guidance) and construction segment growth of 5-10% (up from flat guidance), with adjusted EPS guidance raised to $0.41-$0.46 from $0.35-$0.45. The stock is now up 26.5% year-to-date.