TeleTrade - Analytics

    TeleTrade

    731.00 6.50/10
    57% of positive reviews
    Real

    Company News: Deere & Company (DE) reported better than expected first fiscal quarter profits | 20.02.2015

     

    Deere & Company (DE) earned $1.12 per share in the first fiscal quarter, beating analysts' estimate of $0.82. Revenue in the first fiscal quarter decreased 19.3% year-over-year to $5.61 billion, but beating analysts' estimate of $5.50 billion.

    The company announced its forecasts for the second fiscal quarter of 2015. Revenue is expected to be $7.5 billion in the second fiscal quarter of 2015 (analysts' estimate: $7.96 billion).

    The company expects revenue of $27.36 billion (-17% y/y) (the previous estimate: -15% y/y) in the full fiscal year 2015 (analysts' estimate: $28.4 billion).

    The company downgraded its net income forecast to $1.8 billion from the previous estimate of $1.9 billion.

    Deere & Company (DE) shares fell to $91.30 (-0.45%) prior to the opening bell.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree