CHICAGO, July 28 (Reuters) - Farm and construction equipment maker CNH Industrial (CNHI.MI), reported better-than-expected operating profit on Friday, though shares fell as much as 6% as an unchanged revenue forecast cast doubt on future growth potential.
Globally, CNH, which houses brands such as Case IH and New Holland, was boosted by strong demand for its high-horsepower farm equipment and record construction sales.
However, sales for both agriculture and construction equipment contracted in South America.
CNH's profit margins have been propped up by price increases across its machinery segments to help offset inflated input costs and a choppy supply chain.
He also noted that dealers won't continue to accept double-digit price increases as inflation starts to cool.
Persons:
Eric Greaser, Kristen Owen, Scott Wine, CNH's, Bianca Flowers, Giulio Piovaccari, Alessandro Parodi, Jonathan Oatis, Kirsten Donovan
Organizations:
CNH, IH, South America . Company, Oppenheimer, Co, CNH's, North America . Revenue, Thomson
Locations:
American, Moody's, New Holland, South America, North America, Chicago