S&P 500
7,524.20
+0.07%
Dow Jones
52,373.00
-0.28%
Nasdaq 100
29,427.00
+0.57%
Russell 2000
2,946.71
-0.16%
FTSE 100
10,450.60
-0.58%
Nikkei 225
67,500.10
+0.65%

Investing

Deere Sails Past Estimates (DE)

Photo of Jon C. Ogg
By Jon C. Ogg Published

Deere & Co. (NYSE: DE) managed to beat estimates this morning due in part to U.S. strength.  Net income was up 46% to $1.62 EPS (or $669.6 million) as sales rose 20% to $8.61 billion.  Thomson Reuters had estimates of $1.43 EPS and $7.87 billion in revenue.  The heavy machinery company projected that 2012 earnings should be roughly $3.2 billion.  Investors are trading Deere up this morning to over $74 after a close of $71.92 on Tuesday, but shares have already bounced about 20% from the October lows.

Contact [email protected] for any questions or corrections.

Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Paul Ausick |

Strong Earnings at Deere Waylaid by Forecast

courtesy Deere & Co.Deere & Co. (NYSE: DE) reported second-quarter fiscal 2013 results before markets opened this morning. The farm…

Where Deere Came Up Short
Paul Ausick |

Where Deere Came Up Short

A favorable tax adjustment pushed Deere's earnings per share slightly higher than estimates, but a cautious outlook is weighing on…

Paul Ausick |

Deere Crushes Estimates, Guidance Is Cautious

ThinkstockDeere & Co. (NYSE: DE) reported first-quarter fiscal 2013 results before markets opened this morning. The farm and heavy equipment…

How Deere Beat Estimates and Doubled Profit Guidance
Paul Ausick |

How Deere Beat Estimates and Doubled Profit Guidance

Deere hammered estimates when the firm reported earnings this morning. The company also doubled its full-year profit guidance.

Paul Ausick |

Deere Company Earnings Strong, but Get No Help from Outlook

courtesy Deere & Co.Deere & Co. (NYSE: DE) reported third-quarter fiscal 2013 results before markets opened this morning. The farm and…

Jon C. Ogg |

Deere Holds Hope for Strong 2011 (DE, CNH, AGCO)

Rising food prices may be hurting consumers around the globe, but they aren’t doing any damage to the farmers who…

Paul Ausick |

Deere Earnings Overshadowed by Weak Forecast

courtesy Deere & Co.Deere & Co. (NYSE: DE) reported fiscal fourth quarter and full-year 2014 results before markets opened Wednesday…

Paul Ausick |

Deere Earnings Hit by Soft Demand for Farm Equipment

courtesy Deere & Co.Deere & Co. (NYSE: DE) reported fiscal third quarter 2014 results before markets opened Wednesday morning. For…

How Deere Beat Estimates and Why It Expects to Keep Rolling
Paul Ausick |

How Deere Beat Estimates and Why It Expects to Keep Rolling

Deere & Co. beat analysts expectations on quarterly and yearly sales and earnings. Guidance for 2018 is also strong and…

Top Gaining Stocks

FactSet Research Systems
FDS • Vol: 929,614
Gartner
IT • Vol: 1,375,344
Intuit
INTU • Vol: 6,564,709
Valero Energy
VLO • Vol: 2,870,552
Paycom Software
PAYC • Vol: 620,867

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Oracle
ORCL • Vol: 56,688,573
Intel
INTC • Vol: 100,754,655
Lam Research
LRCX • Vol: 9,770,514
ON Semiconductor
ON • Vol: 9,568,853