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 dropped 19% to $5.6 billion from $6.95 billion. Analysts expected to see $5.54 billion in revenue.
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.
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Market Index||1.79%|
|VFINX||Vanguard 500 Index||1.15%|
The Bottom Line
Sign up for Advisor Access
Receive email updates about best performers, news, CE accredited webcasts and more.
Let’s face it, the words we use everyday matter! Our content for this...