Deere & Co. (DE) Tops Q3 EPS by 2c, Offers Outlook

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Go back to Deere & Co. (DE) Tops Q3 EPS by 2c, Offers Outlook

Deere Announces Third-Quarter Earnings of $642 Million

August 18, 2017 6:30 AM EDT

MOLINE, Ill., Aug. 18, 2017 /PRNewswire/ -- 

Improving farm- and construction-equipment markets contribute to higher third-quarter results. Performance benefits from advanced products, flexible cost structure. Company maintains strong position to seize powerful long-term trends. Full-year forecast calls for 10% sales increase, net income of $2.075 billion.

Net income attributable to Deere & Company (NYSE: DE) was $641.8 million, or $1.97 per share, for the third quarter ended July 30, 2017, compared with $488.8 million, or $1.55 per share, for the quarter ended July 31, 2016.

For the first nine months of fiscal 2017, net income... More