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

Most Popular

Microsoft (MSFT) Q2 revenue up 20%, earnings beat estimates

Software giant Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported higher revenues and earnings for the second quarter of 2022. The results also topped expectations. At $51.7 billion, second-quarter revenues were

NFLX Stock: What the slowdown in subscriber growth means for Netflix

When online platforms thrived on the unusually strong traffic growth during the shutdown, as home-bound people turned to video-streaming and gaming sites, there was speculation that the trend might reverse

FAST Stock: Fastenal’s long-term prospects intact. Should you invest now?

Production disruption and logistics issues continue to have a crippling effect on the industrial sector but the performance of companies, in general, has been mixed so far. Fastenal Company (NASDAQ:

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