- Company News: Deere (DE) quarterly results miss analysts’ estimates
Market news
16 August 2019
Company News: Deere (DE) quarterly results miss analysts’ estimates
Deere (DE) reported Q3 FY 2019 earnings of $2.71 per share (versus $2.59 in Q3 FY 2018), missing analysts’ consensus estimate of $2.84.
The company’s quarterly revenues amounted to $8.969 bln (-3.4% y/y), missing analysts’ consensus estimate of $9.385 bln.
The company also issued lowered guidance for FY 2019, projecting revenues of +4-5% to $34.68 bln (versus analysts’ consensus estimate of $34.85 bln) and net income of $3.2 bln (down from its prior guidance of $3.3 bln).
DE fell to $142.00 (-1.19%) in pre-market trading.
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