Company News: Deere (DE) quarterly earnings miss analysts’ estimate

Market news

17 August 2018

Company News: Deere (DE) quarterly earnings miss analysts’ estimate

Deere (DE) reported Q3 FY 2018 earnings of $2.59 per share (versus $1.97 in Q3 FY 2017), missing analysts' consensus estimate of $2.75.

The company's quarterly revenues amounted to $9.286 bln (+35.9% y/y), beating analysts' consensus estimate of $9.182 bln.

The company also issued downside guidance for Q4, projecting revenues of ~$8.58 bln (+21%) versus analysts' consensus estimate of $8.82 bln.

DE fell to $131.00 (-4.62%) in pre-market trading.

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