Form 8-K DEERE & CO For: Aug 17

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Go back to Form 8-K DEERE & CO For: Aug 17

Deere & Co. (DE) Misses Q3 EPS by 16c, Revenue Beats

August 17, 2018 6:16 AM EDT

Deere & Co. (NYSE: DE) reported Q3 EPS of $2.59, $0.16 worse than the analyst estimate of $2.75. Revenue for the quarter came in at $9.29 billion versus the consensus estimate of $9.21 billion.

Outlook:

Company equipment sales are projected to increase by about 30 percent for fiscal 2018 and by about 21 percent for the fourth quarter compared with the same periods of 2017. Of these amounts, Wirtgen is expected to add about 12 percent to Deere sales for both the full year and fourth quarter. Foreign-currency rates are not... More