10:00 am Deere Over 3% Lower Following Earnings/Outlook
Farm equipment giant Deere (DE 85.11 -0.73) reported fourth quarter results this morning, beating on the top and bottom line.
However, year-over-year net income fell 20% and the company issued a weak fiscal year 2015 outlook. The company reported fiscal fourth quarter earnings of $1.83 per share, which topped expectations.
On the top line, revenues fell 6.7% year/year to $8.04 billion, which also beat expectations. Sales included price realization of 1% for the quarter and 2% for the full year. Additionally, sales …More