Deere & Co. (DE) call put ratio 1 call to 1.5 puts into quarter results
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Deere stock gains as Q3 results top estimates, outlook steady
August 15, 2024 6:28 AM EDT(Updated - August 15, 2024 9:51 AM EDT)
Deere & Co. (NYSE: DE) reported third-quarter earnings on Thursday, surpassing analyst consensus expectations, driving its stock up over 5% in early trading.
The agricultural and construction equipment manufacturer posted adjusted earnings per share of $6.29, beating the analyst consensus of $5.70. Revenue for the quarter came in at $11.39 billion, exceeding estimates of $10.95 billion, despite a 20.3% YoY decline.
Deere maintained its full-year net income forecast of approximately $7 billion, demonstrating resilience in the face of challenging market conditions.
"John Deere's third-quarter results showcase our disciplined execution in the face of... More
