Deere's (DE) Weak EPS Results Have Rivals on Their Back
Tweet
Share
E-mailGet Alerts DE Hot Sheet
Price: $685.48 +1.39%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1%
Revenue Growth %: -15.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1%
Revenue Growth %: -15.4%
Join SI Premium – FREE
Weak bottom-line results from Deere & Company (NYSE: DE) has sellers out in force in the company's rivals.
Caterpillar Inc. (NYSE: CAT) is down 1.2 percent, Joy Global, Inc. (NYSE: JOY) is down 1 percent and The Manitowoc Company, Inc. (NYSE: MTW) is down 1 percent.
Deere reported third quarter net income of $1.98 per share, well below the Wall Street consensus of $2.31. Sales rose 14.6 percent to $9.59 billion, versus the consensus of $9.55 billion.
Shares of Deere are down 5 percent early Wednesday.
Caterpillar Inc. (NYSE: CAT) is down 1.2 percent, Joy Global, Inc. (NYSE: JOY) is down 1 percent and The Manitowoc Company, Inc. (NYSE: MTW) is down 1 percent.
Deere reported third quarter net income of $1.98 per share, well below the Wall Street consensus of $2.31. Sales rose 14.6 percent to $9.59 billion, versus the consensus of $9.55 billion.
Shares of Deere are down 5 percent early Wednesday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump On Iran War: Don't Think It'll Be Much Longer
- Paramount Skydance, Warner Bros spiking higher on volume
- Sen. Hassan asks Capital One on closed Trump-related accounts
Create E-mail Alert Related Categories
Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
