Deere And Co Q2 Profit Rises, Beats estimates

Deere And Co (DE) revealed earnings for its second quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $2.10 billion, or $6.81 per share. This compares with $1.79 billion, or $5.68 per share, in last year's second quarter.

Analysts on average had expected the company to earn $6.71 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.9% to $13.37 billion from $12.06 billion last year.

Deere And Co earnings at a glance (GAAP) :

-Earnings (Q2): $2.10 Bln. vs. $1.79 Bln. last year.
-EPS (Q2): $6.81 vs. $5.68 last year.
-Analyst Estimate: $6.71
-Revenue (Q2): $13.37 Bln vs. $12.06 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT