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Deere & Co. Gains On Spike In Q4 Results, Outlook

Deere & Co. (DE) shares are trading higher on Wednesday morning after the company reported fourth-quarter earnings that climbed 75 percent from last year on 37 percent surge in revenues. The company projects revenue growth for the full year 2023.

DE recorded fourth-quarter earnings of $2.246 billion or $7.44 per share, up from $1.283 billion or $4.12 per share last year.

Revenue for the quarter increased to $15.536 billion from $11.327 billion a year ago.

Looking ahead to the full year 2023, the company expects earnings in a range of $8 to $8.5 billion.

Currently, shares are at $446.19, up 7.11 percent from the previous close of $416.56 on a volume of 1,228,684.

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