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!

Also Read:  Tesla, Inc. (TSLA) Q2 2020 Earnings Call Transcript

Most Popular

3D Systems Corp. (DDD) Q2 2020 Earnings Call Transcript

3D Systems Corp. (NYSE: DDD) Q2 2020 earnings call dated Aug. 05, 2020 Corporate Participants: Jessica Stansell -- Investor Relations Jeffrey A. Graves -- Chief Executive Officer And President Wayne Pensky -- Interim Chief Financial Officer Analysts:

Yelp (YELP): Revenue recovery depends significantly on COVID-19 environment

Shares of Yelp (NYSE: YELP) were down over 15% on Friday, a day after the company reported a decline in revenue along with a net loss for the second quarter

US economy adds 1.8 million jobs in July; unemployment rate drops to 10.2%

The US economy added 1.8 million jobs in July, marking the third consecutive month of employment growth as the country recovers from the coronavirus pandemic that has caused widespread disruption.

Top