Deere & Company (NYSE: DE) reported its financial results for the quarter ended May 3, 2020, on Friday before the market opens. The results exceeded analysts’ expectations.
Deere posted a 41% dip in earnings for the second quarter of 2020 due to lower revenues. The company recorded impairments related to certain fixed assets, operating lease equipment, and a minority investment in a construction equipment company headquartered in South Africa.
The company expects earnings to be in the range of $1.6-2 billion for the full year. However, many uncertainties remain regarding the effects of the COVID-19 global pandemic that could negatively affect the company’s results and financial position in the future.
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the fourth quarter of 2020, reflecting a marked increase in merchandise sales. The results also topped analysts’
The disruption caused by coronavirus has affected almost all sectors except business service providers like Cintas Corporation (NASDAQ: CTAS), which is busy helping clients maintain hygiene and safety during the
Rite Aid Corporation (NYSE: RAD) reported a narrower loss in the second quarter of 2021. Net loss shrank to $0.25 per share in the recently ended quarter from $1.49 per