Categories Earnings, Industrials

Deere & Company (DE): Q1 2020 Earnings Snapshot

— Deere & Company (NYSE: DE) reported Q1 2020 earnings of $1.63 per share, vs. $1.26 expected.

— Worldwide net sales and revenue fell 4% to $7.63 billion, vs. $6.42 billion expected.

Deere & Company reports Q1 2020 earnings results

— Net sales of Equipment Operations dropped 6% to $6.53 billion.

— Net sales of Agriculture & Turf fell 4% to $4.48 billion.

— Net sales of Construction & Forestry decreased 10% to $2 billion.

— FY2020 net income is expected to be $2.7 billion to $3.1 billion.

— FY2020 worldwide sales of agriculture and turf equipment are forecast to decline 5-10%.

— FY2020 worldwide sales of construction and forestry equipment are anticipated to be down 10-15%.

— DE shares were up 8% in premarket hours on Friday.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Microsoft (MSFT) becomes a compelling buy after strong earnings, Activision deal

Microsoft Corp. (NASDAQ: MSFT) is one of the most innovative technology companies, constantly transforming the business to align with the rapidly changing digital economy. While aggressively participating in the digital

Microsoft (MSFT) Q2 revenue up 20%, earnings beat estimates

Software giant Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported higher revenues and earnings for the second quarter of 2022. The results also topped expectations. At $51.7 billion, second-quarter revenues were

NFLX Stock: What the slowdown in subscriber growth means for Netflix

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

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top