Plus   Neg

Deere & Co Q4 Profit Declines; Stock Down - Quick Facts

Deere & Co. (DE) reported that its net income attributable to the company for the fourth quarter ended November 3, 2019 declined to $722 million or $2.27 per share, from $785 million or $2.42 per share last year.

Adjusted net income was $2.14, compared to $2.30 in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $2.13 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales were $8.70 billion up from $8.34 billion in the previous year. Analysts expected revenues of $8.53 billion. Worldwide net sales and revenues increased 5 percent to $9.896 billion from last year.

Looking ahead for fiscal 2020, the company expects net income attributable to the company to be in a range of $2.7 billion to $3.1 billion.

In Wednesday pre-market trade, DE is trading at $169.74, down $6.97 or 3.94%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Hongkong Sun Rise Trading Ltd. has recalled about 151,400 units of Kobalt Cordless Electric chainsaws and about 106,520 units of Kobalt Cordless Electric pole saws for possible laceration hazard, according to two separate statements issued by the U.S. Consumer Product Safety Commission. These include 1,400 chainsaws and 120 pole saws sold in Canada. Branded food company Hormel Foods Corp. (HRL) announced Friday that its Hormel Black Label Breakfast Food Truck will hit the road with free sample event of the popular brand's new Hormel Black Label Oven-Baked Egg Bites. The samples come in three variants - with Bacon, with Chorizo and with Bacon and... United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets.
Follow RTT