Deere And Co Announces 62% Increase In Q2 Bottom Line


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(RTTNews.com) - Deere And Co ( DE ) reported a profit for its second quarter that climbed from last year.

The company said its bottom line climbed to $802.4 million, or $2.49 per share. This was higher than $495.4 million, or $1.56 per share, in last year's second quarter.

Analysts had expected the company to earn $1.68 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.1% to $7.26 billion. This was up from $7.11 billion last year.

Deere And Co earnings at a glance:


-Earnings (Q2): $802.4 Mln. vs. $495.4 Mln. last year.
-Earnings Growth (Y-o-Y): 62.0%
-EPS (Q2): $2.49 vs. $1.56 last year.
-EPS Growth (Y-o-Y): 59.6%
-Analysts Estimate: $1.68
-Revenue (Q2): $7.26 Bln vs. $7.11 Bln last year.
-Revenue Change (Y-o-Y): 2.1%


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This article appears in: Politics , Fundamental Analysis , World Markets , Stocks , Earnings
Referenced Symbols: DE , TRI


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