Deere & Co. (DE) Misses Q3 EPS Views; Guides Q4 Sales Growth

Deere & Co. (NYSE: DE) reported Q3 EPS of $1.98, $0.33 worse than the analyst estimate of $2.31. Revenue for the quarter came in at $9.59 billion versus the consensus estimate of $9.55 billion.

Company equipment sales are projected to increase by about 13 percent for both fiscal 2012 and the fourth quarter compared with the same periods a year ago. Included is an unfavorable currency-translation impact of about 3 percent for the year and about 4 percent for the fourth quarter. For the full year, net income attributable to Deere & Company is anticipated to be about $3.1 billion.

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

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