Plus   Neg

Deere Turns Positive Despite Weaker Than Expected Q4 Earnings

After initially moving to the downside, shares of Deere & Co. (DE) have shown a strong move to the upside over the course of the trading day on Wednesday. Deere is currently up by 4.1 percent.

The turnaround by Deere comes even though the heavy equipment maker reported fiscal fourth quarter earnings that came in below analyst estimates.

Deere reported fourth quarter adjusted earnings of $2.30 per share, while analysts had expected earnings of $2.45 per share.

Looking ahead, Deere said company equipment sales are projected to increase by about 7 percent for fiscal 2019 compared with 2018.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ford Motor Co. plans to invest $500 million in electric truck maker Rivian, the companies said Wednesday. They will also work together to develop an all-new battery electric vehicle for Ford using Rivian's skateboard platform. Ford's investment comes just months after Rivian revealed two new products, an all-electric pickup and SUV. AT&T Inc. (T) reported first-quarter adjusted earnings per share of $0.86 compared to $0.85, prior year. On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $0.86 for the quarter. Analysts' estimates typically exclude special items. Adjusting for amortization,... Shares of Credit Suisse Group AG were gaining around 3 percent in Swiss trading after the banking major reported Wednesday higher profit in its first quarter, despite weak revenues. Looking ahead, the company said it is cautiously optimistic about its prospects for the second quarter of 2019. The company remains focused on increasing its returns over the course of 2019 and beyond.
Follow RTT