Deere & Co. (DE) Misses Q3 EPS, Revenues In-Line

Deere & Co. (NYSE: DE) reported Q3 EPS of $6.16, $0.48 worse than the analyst estimate of $6.64. Revenue for the quarter came in at $13 billion versus the consensus estimate of $12.96 billion.

GUIDANCE:

Net income attributable to Deere & Company for fiscal 2022 is forecast to be in a range of $7.0 billion to $7.2 billion.

“Looking ahead, we believe favorable conditions will continue into 2023 based on the strong response we have experienced to early-order programs,” said May. “We are working closely with our factories and suppliers to meet higher levels of customer demand next year. Additionally, we are confident the company’s smart industrial strategy and leap ambitions will continue unlocking new value for customers through Deere’s advanced technologies and solutions

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

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