Deere & Co. (DE) Tops Q1 EPS Views; Trims Outlook

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Go back to Deere & Co. (DE) Tops Q1 EPS Views; Trims Outlook

Deere Announces First-Quarter Earnings of $254 Million

February 19, 2016 6:45 AM EST

- Results decline on weakness in global markets for farm and construction equipment.

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

- Full-year 2016 forecast calls for 10% sales decline and earnings of $1.3 billion.

MOLINE, Ill., Feb. 19, 2016 /PRNewswire/ -- Net income attributable to Deere & Company (NYSE: DE) was $254.4 million, or $0.80 per share, for the first quarter ended January 31, compared with $386.8 million, or $1.12 per share, for the same period of 2015. Worldwide net sales and revenues for the first quarter decreased 13 percent, to $5.525 billion, compared with $6.383... More