Categories AlphaGraphs, Earnings, Other Industries
Deere & Company (DE) Q3 sales, earnings top expectations; stock gains
Tractor maker Deere & Company (NYSE: DE) said its third-quarter earnings declined, hurt by a double-digit fall in revenues. Both earnings and revenues beat the estimates, driving the company’s stock higher on Friday morning.
Net income dropped to $811 million or $2.57 per share in the July-quarter from $899 million or $2.81 per share in the comparable period of last year. Analysts were looking for a lower number.
Worldwide net sales and revenues decreased by 11% to $8.93 billion but came in above the consensus forecast. For fiscal 2020, the management forecasts earnings of $2.25 billion.
“Although unsettled market conditions and related customer uncertainty are expected to have a moderating effect on key markets in the near term, we believe Deere is well-positioned to help make our customers more profitable and sustainable,” said CEO John May.
Most Popular
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
