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Deere & Company

News

What Deere & Company's Earnings Mean for Mutual Fund Investors (DE)

Shauna O'Brien Feb 20, 2015



Inside DE’s Results


The company reported earnings of $387 million, or $1.12 per share, down from $681 million, or $1.81 per share, last year. Analysts expected to see EPS of 83 cents.

Revenue
Revenue dropped 19% to $5.6 billion from $6.95 billion. Analysts expected to see $5.54 billion in revenue.

Outlook
Looking ahead to FY2015, the company expects to see net income of $1.8 billion. Previously, the company expected to see $1.9 billion in profits.


Farm Equipment Demand Is Falling


Deere & Company has cut production to account for the weakening demand of its products. Despite the drop in demand, farm equipment still made up about two-thirds of its sales in the first quarter.


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