Goldman Sachs Reiterates Sell Rating on Deere (DE)
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UPDATE: Deere & Co. (DE) Tops Q2 EPS by 17c; Affirms Outlook
May 14, 2014 7:01 AM EDT(Updated - May 14, 2014 7:04 AM EDT)
Deere & Co. (NYSE: DE) reported Q2 EPS of $2.65, $0.17 better than the analyst estimate of $2.48. Revenue for the quarter came in at $9.95 billion versus the consensus estimate of $9.65 billion.
"John Deere is on its way to another year of solid financial and operating performance," said Samuel R. Allen, chairman and chief executive officer. "Our second-quarter earnings showed further proof of the adept execution of our operating plans. We kept costs and assets well under control while successfully managing major new-product transitions associated with more stringent emissions standards. In... More
