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17.05.2019 20:08

Company News: Deere (DE) quarterly earnings miss analysts’ estimate

Deere (DE) reported Q2 FY 2019 earnings of $3.52 per share (versus $3.14 in Q2 FY 2018), missing analysts’ consensus of $3.52.

The company’s quarterly revenues amounted to $10.273 bln (+5.4% y/y), generally in line with analysts’ consensus estimate of $10.190 bln.

The company also issued lowered guidance for FY 2019, projecting revenues of +5% (from +7%) to $35.02 bln versus analysts’ consensus estimate of $35.52 bln.

DE fell to $139.50 (-4.45%) in pre-market trading.


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