Deere & Co. (DE) Tops Q4 EPS Views; Sees FY16 Sales Down ~7%

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Go back to Deere & Co. (DE) Tops Q4 EPS Views; Sees FY16 Sales Down ~7%

Deere Announces Earnings of $351 Million for Fourth Quarter and $1.94 Billion for Full Year

November 25, 2015 6:45 AM EST

- Weakness in global markets for farm and construction equipment leads to decline in sales and earnings for quarter and full year.

- All businesses remain solidly profitable, helped by sound execution and disciplined cost management.

- 2016 forecast calls for sales decline of about 7% and earnings of approximately $1.4 billion.

MOLINE, Ill., Nov. 25, 2015 /PRNewswire/ -- Net income attributable to Deere & Company (NYSE: DE) was $351.2 million, or $1.08 per share, for the fourth quarter ended October 31, compared with $649.2 million, or $1.83 per share, for the same period of 2014.  For fiscal 2015, net income attributable to... More