Categories Earnings, Industrials

Deere (DE) Q4 2019 Earnings Snapshot

— Deere & Company (NYSE: DE) reported its fourth-quarter 2019 adjusted earnings of $2.14 per share versus $2.13 per share expected.

— Total revenues increased by 5% to $9.9 billion. Sales in Equipment Operations rose by 4% to $8.7 billion versus $8.53 billion expected.

Deere (DE) Q4 2019 Earnings Snapshot

— The results reflected continued uncertainties in the agricultural sector. Many farmers remained cautious about making major investments in new equipment due to lingering trade tensions as well as difficult growing and harvesting conditions.

— Sales in Agriculture & Turf rose 3% to $5.8 billion due to price realization and higher shipment volumes, partially offset by the unfavorable effects of currency translation.

— Construction & Forestry sales grew by 8% to $2.95 billion helped by higher shipment volumes and price realization, partially offset by the unfavorable effects of currency translation.

— Financial Services posted a 66% dip in net income to $90 million, mainly due to impairments and higher losses on operating-lease residual values and unfavorable financing spreads.

— Looking ahead into fiscal 2020, net income attributable to Deere & Company is forecast to be in the range of $2.7 billion to $3.1 billion. The long-term outlook for its businesses remained healthy and points a promising future.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Infographic: Intuitive Surgical Q4 earnings results

Intuitive Surgical (NASDAQ: ISRG) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The robotic product's manufacturer reported fourth-quarter revenue of $1.33 billion, up 4% year-over-year. Meanwhile,

Infographic: Seagate Technology (STX) Q2 2021 earnings

Seagate Technology plc (NASDAQ: STX) reported second-quarter 2021 earnings results after the closing bell on Thursday.  Revenue increased to $2.62 billion from $2.69 billion last year. Analysts had expected revenue

IBM (IBM) Q4 2020 Earnings: Key financials and quarterly highlights

IBM (NYSE: IBM) reported its fourth quarter 2020 earnings results today. Revenue fell 6% year-over-year to $20.4 billion. GAAP net income fell over 60% to $1.3 billion, or $1.51 per

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