LONDON (AP) _ CNH Industrial NV (CNHI) on Wednesday reported first-quarter net income of $408 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the London-based company said it had net income of 30 cents. Earnings, adjusted for non-recurring costs, were 32 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The truck, tractor and bus maker posted revenue of $7.47 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $6.78 billion.

CNH shares have risen 18% since the beginning of the year. The stock has more than doubled in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNHI at https://www.zacks.com/ap/CNHI