Deere and Company (NYSE: DE) reported first-quarter 2021 financial results before the regular trading hours on Friday.
The agricultural machinery manufacturer, reported a 19% increase in Q1 revenue to $9.11 billion, surpassing the analysts’ estimate.
The company reported a net income of $1.2 billion or $3.87 per share, compared to $517 million or $1.63 per share of the first quarter in 2020.
When online platforms thrived on the unusually strong traffic growth during the shutdown, as home-bound people turned to video-streaming and gaming sites, there was speculation that the trend might reverse
Production disruption and logistics issues continue to have a crippling effect on the industrial sector but the performance of companies, in general, has been mixed so far. Fastenal Company (NASDAQ:
Netflix, Inc. (NASDAQ: NFLX) Thursday said it added 8.3 million paid members in the December quarter. Revenues increased and matched estimates, aided by the relaxation of COVID restrictions and resumption