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Deere (DE) Reports Solid Q4 Results; Offers Q1, FY12 Forecast

November 23, 2011 7:03 AM EST
Deere & Company (NYSE: DE) reported Q4 EPS of $1.62, $0.19 better than the analyst estimate of $1.43. Revenue for the quarter came in at $7.9 billion versus the consensus estimate of $7.9 billion.

Forecasts Q1 2012 sales up 16-18 percent and FY12 sales growth of 15 percent. Sees FY12 net income of about $3.2 billion. The sales consensus for Q1 and FY12 is $6.17 billion and $32.03 billion.


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