Deere & Co. (DE) Tops Q3 EPS Views; Sees Lower Q4 Sales

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Go back to Deere & Co. (DE) Tops Q3 EPS Views; Sees Lower Q4 Sales

Deere Announces Third-Quarter Earnings of $489 Million

August 19, 2016 6:45 AM EDT

MOLINE, Ill., Aug. 19, 2016 /PRNewswire/ -- Net income attributable to Deere & Company (NYSE: DE) was $488.8 million, or $1.55 per share, for the third quarter ended July 31, compared with $511.6 million, or $1.53 per share, for the same period last year.

For the first nine months of the year, net income attributable to Deere & Company was $1.239 billion, or $3.91 per share, compared with $1.589 billion, or $4.67 per share, last year.

Worldwide net sales and revenues decreased 11 percent, to $6.724 billion, for the third quarter and declined 9 percent, to $20.124 billion, for nine months. Net sales of the equipment... More