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16.05.2024

Company news: Deere’s (DE) quarterly results strongly beat analysts’ expectations

Deere (DE) reported Q2 FY2024 earnings of $8.53 per share (versus $9.65 per share in Q2 FY2023), strongly beating analysts’ consensus estimate of $7.86 per share.

The company’s quarterly revenues amounted to $13.610 bln (-15.4% y/y), strongly beating analysts’ consensus estimate of $13.291 bln.

DE fell to $391.44 (-5.45%) in pre-market trading.

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