Market Overview

UPDATE: Deere Posts Rise In Q3 Profit

Share:
Related DE
Barclays Warns Investors To Stay Out Of U.S. Machinery This Summer
Worst Performing Industries For June 29, 2016
Deere to cut 120 employees at East Moline factory (Seeking Alpha)

Deere & Co (NYSE: DE) reported a rise in its third-quarter profit.

Deere's quarterly profit surged to $997 million, or $2.56 per share, from $788 million, or $1.98 per share, in the year-ago period.

Its revenue surged to $10.0 billion from $9.6 billion. However, analysts were estimating earnings of $2.17 per share on revenue of $9.18 billion.

Deere also lifted its full-year profit forecast to $3.45 billion.

Deere shares gained 1.89% to $85.50 in pre-market trading.

Posted-In: profitEarnings News Guidance

 

Related Articles (DE)

View Comments and Join the Discussion!