Categories AlphaGraphs, Earnings, Industrials

Deere (DE) Q2 profit dips 41% but beats estimates

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 (DE) Q2 2020 earnings review

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.

Past Performance

Also Read:  Net neutrality and the AT&T-Time Warner ruling – what’s in it for us?

Most Popular

Box Inc  (NYSE: BOX) Q1 2021 Earnings Call Transcript

Box Inc  (BOX) Q1 2021 earnings call dated May 27, 2020 Corporate Participants: Alice Kousoum Lopatto -- Head of Investor Relations Aaron Levie -- Chief Executive Officer, Co-founder and Chairman Dylan Smith -- Chief Financial Officer

Southwest is looking northside as lockdown restrictions ease

When Warren Buffett dumped airline stocks suffering massive losses three weeks ago, he probably overlooked one key aspect about the industry – that no amount of restrictions will kill people’s

Alibaba (BABA) entering a new phase as China emerges from COVID crisis

Alibaba Group Holding Ltd (NYSE: BABA) is striving to regain strength after falling sharply last week, ahead of fourth-quarter earnings. The positive results failed to impress stakeholders as market sentiment

Top