TeleTrade - Analytics

TeleTrade

719.00 6.50/10
57% of positive reviews
Real

21.08.2015 12:33 Company News: Deere’s (DE) revenue fell more than 20%

Company reported Q3 profit of $1.53 per share versus $1.44 consensus. Revenues fell 21.6% y/y to $6.84 bln versus $7.2 bln consensus.

Company expected Q4 equipment sales down 24% y/y, current consensus represents a 19% y/y decline.

Company lowered FY15 net income outlook to $1.8 bln from $1.9 bln; FY15 equipment sales outlook lowered to -21% from -19% (consensus -19%).

DE fell to $86.71 (-4.35%) on the premarket.



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