— 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.
— 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.
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