Deere & Co. (DE) Tops Q4 EPS by 22c

Deere & Co. (NYSE: DE) reported Q4 EPS of $4.12, $0.22 better than the analyst estimate of $3.90. Revenue for the quarter came in at $11.33 billion versus the consensus estimate of $10.44 billion.

Company Outlook & Summary:

Net income attributable to Deere & Company for fiscal 2022 is forecasted to be in a range of $6.5 billion to $7.0 billion.

"Looking ahead, we expect demand for farm and construction equipment to continue benefiting from positive fundamentals, including favorable crop prices, economic growth, and increased investment in infrastructure," May said. "At the same time, we anticipate supply-chain pressures will continue to pose challenges in our industries. We are working closely with our suppliers to address these issues and ensure that our customers can deliver essential food and infrastructure more profitably and sustainably."

For earnings history and earnings-related data on Deere & Co. (DE) click here.

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