Categories AlphaGraphs, Earnings, Other Industries
Deere & Company (DE) Q3 sales, earnings top expectations; stock gains
Tractor maker Deere & Company (NYSE: DE) said its third-quarter earnings declined, hurt by a double-digit fall in revenues. Both earnings and revenues beat the estimates, driving the company’s stock higher on Friday morning.
Net income dropped to $811 million or $2.57 per share in the July-quarter from $899 million or $2.81 per share in the comparable period of last year. Analysts were looking for a lower number.
Worldwide net sales and revenues decreased by 11% to $8.93 billion but came in above the consensus forecast. For fiscal 2020, the management forecasts earnings of $2.25 billion.
“Although unsettled market conditions and related customer uncertainty are expected to have a moderating effect on key markets in the near term, we believe Deere is well-positioned to help make our customers more profitable and sustainable,” said CEO John May.
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and
