Deere & Co. (NYSE: DE) reported Q2 EPS of $5.68, $1.16 better than the analyst estimate of $4.52. Revenue for the quarter came in at $12.06 billion versus the consensus estimate of $10.44 billion.

Company Outlook & Summary:

Net income attributable to Deere & Company for fiscal 2021 is forecast to be in a range of $5.3 billion to $5.7 billion.

“While the company is clearly performing at a high level, Deere expects to see increased supply-chain pressures through the balance of the year,” May said. “We are working closely with key suppliers to secure the parts and components that our customers need to deliver essential food production and infrastructure. Despite these challenges, Deere is on track for a strong year and we believe is well-positioned to unlock greater value for our customers and other stakeholders in the future.”

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