Deere & Co. (DE) reported that its second-quarter net income attributable to company increased to $1.084 billion, or $2.76 per share, from last year's $1.056 billion, or $2.61 per share. Analysts polled by Thomson Reuters expected the company to report earnings of $2.72 per share for the quarter. Analysts' estimates typically exclude special items.
Total net sales and revenues for the quarter rose to $10.914 billion, from $10.009 billion in the year ago quarter. Ten analysts had consensus revenue estimate of $9.81 billion for the quarter.
The company equipment sales are projected to increase by about 3 percent for the third quarter compared with the same quarter a year ago.
The company equipment sales are projected to increase by about 5 percent for fiscal 2013 compared with the same period a year ago. Included is an unfavorable currency-translation impact of about 1 percent for the year. Earlier, the company had expected equipment sales growth of about 6 percent.
For the full year 2013, net income attributable to company is still anticipated to be about $3.3 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.