Deere Reports Earnings of $285 Million for Fourth Quarter and $1.524 Billion for Year

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Caterpillar (CAT) Trades Higher in Sympathy with Deere (DE)

November 23, 2016 7:38 AM EST

Caterpillar (NYSE: CAT) traded higher Wednesday morning in sympathy with peer Deere & Co. (NYSE: DE) after it reported strong Q4 results and guidance.

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Deere & Co. (DE) Tops Q4 EPS Views; Issues Confident FY17 Outlook

November 23, 2016 6:47 AM EST

Deere & Co. (NYSE: DE) reported Q4 EPS of $0.90, $0.50 better than the analyst estimate of $0.40. Revenue for the quarter came in at $6.52 billion versus the consensus estimate of $5.38 billion.

Company Outlook & Summary

Company equipment sales are projected to decrease about 1 percent for fiscal 2017... More