- Company News: Deere (DE) posts better-than-expected quarterly results
Market news
17 February 2017
Company News: Deere (DE) posts better-than-expected quarterly results
Deere reported Q1 FY 2017 earnings of $0.61 per share (versus $0.80 in Q1 FY 2016), beating analysts' consensus estimate of $0.54.
The company's quarterly revenues amounted to $4.698 bln (-1.5% y/y), beating analysts' consensus estimate of $4.590 bln.
The company also issued upside guidance for Q2 and the full 2017 year. It projects Q2 revenues at ~$7.18 bln (+1% y/y) versus analysts' consensus estimate of $6.89 bln. In FY 2017, it expects its revenues to amount to ~$24.32 bln (+4% y/y) versus analysts' consensus estimate of $23.12 bln.
DE rose to $112.66 (+3.20%) in pre-market trading.
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