While CNH surprised many analysts with its fourth quarter and year-end earnings report on January 25, its financial outlook for 2010 remains hazy at best.
Overall, the company ended the last quarter of 2009 with total equipment revenues of $3.5 billion. While down 12% — –11% for Ag and –16% for CE — compared with the fourth quarter of ’08, it easily beat analyst estimates.
“The beat vs. our model was from a better than…
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