Deere & Co. (DE) Tops Q1 EPS by 37c, Revenues Beat

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Go back to Deere & Co. (DE) Tops Q1 EPS by 37c, Revenues Beat

Deere Reports First-Quarter Income of $517 Million

February 21, 2020 6:45 AM EST

- Net income rises 4% on 6% decline in net sales.

- U.S. farm sector shows early signs of stabilization.

- Full-year earnings forecast unchanged.

MOLINE, Ill., Feb. 21, 2020 /PRNewswire/ -- Deere & Company (NYSE: DE) reported net income of $517 million for the first quarter ended February 2, 2020, or $1.63 per share, compared with net income of $498 million, or $1.54 per share, for the quarter ended January 27, 2019. Worldwide net sales and revenues decreased 4 percent in the first quarter of 2020 to $7.631 billion. Net sales of the equipment operations were $6.530 billion for the quarter, compared with $6.941 billion in... More