Deere & Co. (DE) Tops Q2 EPS by 81c, Sales Beat; Outlook Raised

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Go back to Deere & Co. (DE) Tops Q2 EPS by 81c, Sales Beat; Outlook Raised

Deere Announces Second-Quarter Earnings of $802 Million

May 19, 2017 6:45 AM EDT

MOLINE, Ill., May 19, 2017 /PRNewswire/ -- 

Improving demand for farm and construction equipment leads to higher second-quarter results. Key markets show signs of further stabilization. Sound execution, broad business lineup benefit performance. Results include gain on sale of partial interest in SiteOne affiliate. Full-year earnings forecast increased to $2 billion, on 9% sales gain.

Net income attributable to Deere & Company (NYSE: DE) was $802.4 million, or $2.49 per share, for the second quarter ended April 30, 2017, compared with $495.4 million, or $1.56 per share, for the period ended... More