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What: Shares of construction equipment specialist CNH Global
So what: While CNH's fourth-quarter earnings soared sixfold to $209 million, or $0.90 per share, the majority came from a substantial tax benefit of $136 million. According to Wall Street firm Jefferies Group, the report suggests underlying earnings of about $0.23 per share, which was much lower than the analyst consensus of $0.44 per share.
Now what: I wouldn't rush into CNH just yet. Main rivals Caterpillar
Interested in more info on CNH? Add it to your watchlist.
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