Market Updates
Deere & Company Reiterated Annual Revenue Growth Estimate
Scott Peters
19 Aug, 2022
New York City
Deere & Company declined 1.6% to $362.93 after the maker of industrial equipment reported higher sales but earnings were below expectations.
Net revenues in the third quarter ending in July increased 22% to $14.1 billion.
Net income in the fiscal third quarter increased 12.6% to $1.88 billion or $6.16 a share compared to $1.67 billion or $5.32 a share.
The higher production costs nearly wiped out the price increase implemented by the company, but improved volume mixed lifted the earnings in the quarter.
Deere also tightened its annual sales range between $7.0 billion and $7.2 billion from the previous range between $7.0 billion and $7.4 billion.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|