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

Market news

15 February 2019

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

Deere (DE) reported Q4 FY 2018 earnings of $1.54 per share (versus $1.31 in Q4 FY 2017), missing analysts’ consensus estimate of $1.76.

The company’s quarterly revenues amounted to $6.941bln (+16.2% y/y), beating analysts’ consensus estimate of $6.829 bln.

The company issued in-line guidance for FY 2019, projecting revenues of approximately 7% to approximately $35.7 bln versus analysts’ consensus estimate of $35.69 bln.

DE closed Thursday's trading session at $162.42 (-0.17%).

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