- Analytics
- News and Tools
- Market News
- Company News: Deere (DE) posts better-than-expected quarterly results
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.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
