(Reuters) – Farm and construction equipment maker CNH Industrial on Wednesday lowered its full-year profit forecast, as slowing demand for its tractors and combines keeps hopes for a recovery in the second half of the year muted.
The company now expects its full year adjusted profit to be in a range of $1.30 to $1.40 per share, compared with $1.45 to $1.55 per share previously.
(Reporting by Abhinav Parmar in Bengaluru; Editing by Maju Samuel)
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