CNH Global NV (NYSE: CNH) U.S.-listed shares rose 10.9% to $41.34 after the Dutch farm-equipment manufacturer raised its outlook for 2011 sales growth. Volume for the stock surmounted 1.2 million shares, or three times its normal daily volume.

A news release out July 25 stated that the company saw net sales increase 24% (18% on a constant currency basis) to $4.9 billion as a result of favorable trading conditions for agricultural equipment, as well as higher comparative construction equipment demand in every region. Equipment Operations posted an Operating Profit of $521 million as a result of higher revenues, increased industrial utilization and improved product pricing.

Net equipment sales for the quarter were 79% agricultural equipment and 21% construction equipment. The geographical distribution of revenue for the period was 42% North America, 35% EAME & CIS, 15% Latin America, and 8% APAC markets.

Net income before restructuring and exceptional items for the quarter was $320 million as a result of improved top line and industrial operating performance, improved results from the Group’s unconsolidated subsidiaries, and a lower tax rate. This resulted in the Group generating a significant increase in diluted earnings per share to $1.33 (before restructuring and exceptional items) compared to $0.59 per share in the comparable period of 2010.

Management of CNH did not comment in the release, although it did hold a conference call to take questions about its bottom line figures.
CNH Global N.V. is a world leader in the agricultural and construction equipment businesses.