Deere & Company (DE) Tops Q2 EPS by 2c
Deere & Company 
(NYSE: DE) reported Q2 EPS of $1.69, $0.02 better than the analyst estimate of $1.67. Revenue for the quarter came in at $7.72 billion versus the consensus estimate of $7.5 billion.
Company equipment sales are projected to be up about 25 percent for fiscal 2011 and up about 20 percent for the fourth quarter compared with the same periods a year ago. Included is a favorable currency-translation impact of about 4 percent for both periods.
(NYSE: DE) reported Q2 EPS of $1.69, $0.02 better than the analyst estimate of $1.67. Revenue for the quarter came in at $7.72 billion versus the consensus estimate of $7.5 billion.Company equipment sales are projected to be up about 25 percent for fiscal 2011 and up about 20 percent for the fourth quarter compared with the same periods a year ago. Included is a favorable currency-translation impact of about 4 percent for both periods.