Consumer shares are mixed in pre-bell trading. Deere (
) reports net income of $996.5 million, or $2.56 per share, for Q3,
compared with $788.0 million, or $1.98 per share, last year.
Revenues increased 4% to $10.010 billion. Analysts expected $2.16
in earnings on $9.2 billion in revenue.
Company equipment sales are projected to be up about 5%for
fiscal 2013 and to decrease by about 5% for Q4 compared with the
year-ago periods. Included is an unfavorable currency-translation
impact of about 1% for the year. For the full year, net income
attributable to Deere & Company is anticipated to be about
$3.45 billion. DE up 0.8% at $84.50.
And Macy's (
) is down 2.7% at $47.19 in pre-bell trade as it reports Q2 EPS of
$0.72, below the analyst consensus of $0.78 per share on Capital
IQ. Sales were $6.066 billion, vs. expectations of $6.25
The company expects comparable sales in the second half of 2013
to increase in the range of 2.5% to 4%. This would calculate to a
full-year 2013 comparable sales increase of 2% to 2.9%, which
compares to previous guidance for comparable sales to increase by
Earnings for fiscal 2013 are now expected in the range of $3.80
to $3.90 per diluted share. This compares with previous guidance
for earnings per diluted share of $3.90 to $3.95. The Street view
is $3.94 per share.
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