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

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/16/2026

1. CRWV
2. NVDA
3. SPY
4. BAC
5. BLK
6. CAT
7. AA
8. RKLB
9. CTH
10. RXRX

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

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

November 23, 2016 6:45 AM EST

- Global farm recession, weak construction-equipment markets lead to lower sales and earnings for fourth quarter and full year.

- Sound execution and broad business lineup aid performance.

- Efforts to establish more efficient cost structure make headway.

- Fiscal 2017 forecast calls for earnings of $1.4 billion on slightly lower sales volumes.

MOLINE, Ill., Nov. 23, 2016 /PRNewswire/ -- Net income attributable to Deere & Company (NYSE: DE) was $285.3 million, or $0.90 per share, for the fourth quarter ended October 31, compared with $351.2 million, or $1.08 per share, for the same period of 2015. For fiscal 2016,... More