CNH Industrial Reports Weak Fourth Quarter

CNH reported a drop in fourth-quarter operating profit, amid weak demand for agricultural machinery, according to Reuters.

The company said its operating profit from its industrial activities fell to $376 million in the quarter, down from $389 million in the same period the previous year. For the full year, CNH saw profit for industrial activities at $1.99 billion. Its industrial sales fell 11% to $8.02 billion.

For 2015, CNH Industrial expects industrial sales of around $28 billion.