UPDATE 1-CNH results tops estimates, raises industry view

* Operating EPS of 16 cents vs view of 5 cents

* Raises outlook for global industry sales growth

CHICAGO, April 21 (BestGrowthStock) – CNH Global NV (CNH.N: ), a
U.S.-based maker of farm and construction equipment, reported
stronger-than-expected earnings on Wednesday and raised its
full-year outlook for global industry sales, saying it is
seeing encouraging signs of stability just about everywhere
outside Europe.

The company, an affiliate of Italian carmaker Fiat SpA
(FIA.MI: ), posted a first-quarter net profit of $16 million, or
7 cents a share. For the comparable quarter last year, CNH
posted a loss of $126 million, or 53 cents a share.

Stripping out restructuring costs and a one-time charge
related to U.S. healthcare reform, CNH posted a profit of 16
cents a share.

On that basis, analysts, on average, were expecting the
Burr Ridge, Illinois-based company to report a profit of 5
cents per share.

Total revenue rose 8 percent to $3.5 billion, lifted by
strong sales of construction equipment and combines in Latin
America, which offset continued weak conditions in Europe.

CNH said it now expects that global agriculture equipment
markets will be flat to up 5 percent in 2010 and that global
construction equipment markets will grow 15 to 20 percent in

The company had previously said it expected global
agriculture equipment markets to contract 5 to 10 percent this
year and global construction equipment markets to grow 5 to 10

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(Reporting by James B. Kelleher, editing by Gerald E.

UPDATE 1-CNH results tops estimates, raises industry view