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Deere & Company Message Board

  • adspatz adspatz Aug 14, 2013 10:27 AM Flag

    Deere third quarter profit grows by 26%

    Search for "SEC Live Filings Digest" to find out more.
    Deere & Company (DE) third quarter profit grew by 26% as reported by the company in its most recent financial results for the quarter. Last year this quarter Deere reported earnings of $788M with $1.98 earnings per share while this year the company earned $996.5M, or $2.56 per share. Deere’s revenue increased 4.4% from this quarter last year to $10.01B, beating analyst $9.29B predictions. Overall growth in farm-equipment sales continued to positively trend, increasing 4% to $9.32B, exceeding the company’s own sales goal of 3%. Of all its segments, construction and forestry sales was the only segment to dip, dropping 11%, while agriculture and turf sales grew 8%. Deere raised its annual guidance from $3.3B to $3.45B and kept its equipment sales growth unchanged at 3%. Samuel Allen, Deere Chairman and CEO, remarked strength in the North and South America farming sectors helped the company achieve its highest third quarter in terms of sales and income.

 
DE
83.32-0.42(-0.50%)Sep 23 4:03 PMEDT

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