Deere & Co. (DE) Tops Q3 EPS by 59c, offers guidance commentary
Deere & Co. (NYSE: DE) reported Q3 EPS of $6.29, $0.59 better than the analyst estimate of $5.70. Revenue for the quarter came in at $11.39 billion versus the consensus estimate of $10.95 billion.
"Net income attributable to Deere & Company for fiscal 2024 is forecasted to be approximately $7.0 billion.
“In response to weak market conditions, we have taken steps to reduce costs and strategically align our production with customer needs,” said May. “Although these decisions were difficult, they are vital for our continued success and competitiveness. Our commitment to our customers is at the heart of everything we do, and we are confident that these proactive measures will allow us to continue investing in innovative, high-quality products and solutions that improve our customers’ lives.”
For earnings history and earnings-related data on Deere & Co. (DE) click here.