Filed under: Earnings reports, Good news, Deere and Co (DE), Commodities, AgricultureShares of Deere & Co. (NYSE: DE) rose $1.85 to $146.80 after the company reported Q4 EPS results above the consensus estimate.
Deere, the world's largest agricultural machinery company, reported Q4 EPS of $1.88, well above the Reuters consensus estimate of $1.54. Deere earned $1.20 in Q4 2006. The company reported Q4 revenue of $6.12 billion, compared to the Reuters consensus estimate of $5.24 billion.
Deere said profits from tractors, harvesters and combines almost tripled to $388 million on strong demand for advanced machinery from Brazil and Eastern Europe. In addition, the company said higher U.S. farm incomes helped boost North American sales of tractors and combines. Continue reading Deere s
Related Headlines
- Land a few points with Vonage (VG) sharesposted 662 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Thanks to rich people, Sotheby's (BID) will be just fineposted 662 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Sears Holdings Brand and Land Valuesposted 662 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Constar International is backposted 661 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- 99 Cents Only Stores (NDN) not cutting it on Wall Streetposted 661 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Shoe Pavilion (SHOE) balks the earnings callposted 661 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- E*TRADE gets spanked again, Subprime styleposted 661 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Priceline.com shares are too Priceyposted 660 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Sirius (SIRI) shareholders dig the XM Satellite mergerposted 661 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Remember Advanced Micro Devices?posted 660 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke