• Company News: Deere & Co (DE) reported better then expected EPS and worse then expected revenue, but shares rose as company issued upside guidance for Q3

Market news

22 May 2015

Company News: Deere & Co (DE) reported better then expected EPS and worse then expected revenue, but shares rose as company issued upside guidance for Q3

Company reported Q2 profit of $2.03 per share versus $1.56 consensus. Revenues fell 20.0% year/year to $7.40 bln versus $7.54 bln consensus.

Company issued upside guidance for Q3, sees Q3 revenue of $7.24 bln versus $7.16 bln consensus.

HD rose to $115.77 (+1.26%) on the premarket.

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