BofA/Merrill Lynch Upgrades Deere (DE) to Neutral

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Deere & Co. (DE) Posts Q2 EPS of $2.03; Lowers Equipment Sales Outlook for FY15

May 22, 2015 7:01 AM EDT

(Updated - May 22, 2015 8:24 AM EDT)

Deere & Co. (NYSE: DE) reported Q2 EPS of $2.03, $0.47 better than the analyst estimate of $1.56. Revenue for the quarter came in at $8.17 billion versus the consensus estimate of $7.53 billion.

Net sales of the worldwide equipment operations declined 20 percent for the quarter and six months compared with the... More