UPDATE 2-CNH Global 2nd-quarter earnings rise 37 percent

Newswire

(Adds forecast, stock reaction) NEW YORK, July 27 (Reuters) - Farm and construction equipment maker CNH Global NV on Wednesday reported a 37 percent rise in quarterly profits, citing higher prices, and said third-quarter sales and profits will be higher than analysts expect. CNH, which ranks No. 2 in farm equipment behind Deere & Co. , earned $114 million, or 49 cents per share, in its second quarter, compared with $83 million, or 36 cents a share, a year ago. Sales rose 5 percent ...

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