Company News: Deere (DE) quarterly results miss analysts’ forecasts

Market news

21 November 2018

Company News: Deere (DE) quarterly results miss analysts’ forecasts

Deere (DE) reported Q4 FY 2018 earnings of $2.30 per share (versus $1.57 in Q4 FY 2017), missing analysts’ consensus estimate of $2.45.

The company’s quarterly revenues amounted to $8.343 bln (+17.6% y/y), missing analysts’ consensus estimate of $8.586 bln.

DE fell to $133.55 (-3.59%) in pre-market trading.

Canada: Wholesale Sales, m/m, September -0.5% (forecast 0.3%)

Growth forecasts for next year have been revised down for most of the world’s major economies - OECD

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