Form 8-K DEERE & CO For: May 18

Go back to Form 8-K DEERE & CO For: May 18

Deere & Co. (DE) Grinds to Highs Following Earnings

May 18, 2018 1:11 PM EDT

Deere & Co. (NYSE: DE) grinds higher following earnings before the open. Shares are now up 6.35% on volume that is running 5x the norm.

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Deere & Co. (DE) Reports Q2 EPS of $3.67

May 18, 2018 6:14 AM EDT

Deere & Co. (NYSE: DE) reported Q2 EPS of $3.67, may not compare to the analyst estimate of $3.29. Revenue for the quarter came in at $10.72 billion, may not compare to the consensus estimate of $9.83 billion.

Affecting results for the second quarter and first six months of 2018 were provisional adjustments to the provision for income taxes due to the enactment of U.S. tax reform legislation on December 22, 2017 (tax reform). Second-quarter results included a favorable net adjustment to provisional income taxes of $174 million, while the first six months reflected an unfavorable net provisional income tax expense of... More