Deere & Co.

NYSE:DE   3:59:59 PM EDT
335.75
+3.51 (+1.06%)
Other Pre-Announcement

Deere & Co Reports Quarterly Earnings Per Share Of $6.16

Published: 08/19/2022 10:39 GMT
Deere & Co. (DE) - Full-year Earnings Outlook Revised to Range of $7.0 - $7.2 Billion.
Third-quarter Net Sales Rise 25%, Bolstered by Higher Rates of Production, Despite Continuing.
Qtrly Earnings per Share $6.16.
Net Sales and Revenues Increased 22 Percent, to $14.102 Billion, for Q3 of 2022.
Deere - Looking Ahead, We Believe Favorable Conditions Will Continue Into 2023 Based on Strong Response We Have Experienced to Early-order Programs.
Sees Production & Precision Ag Sales Up 25% to 30% in 2022.
As of July 31, 2022, Company’s Net Exposure in Russia / Ukraine Was Approximately $436 Million.
Sees 2022 Small Ag & Turf Sales Up 10 to 15%.
Q3 Earnings per Share View $6.69, Revenue View $12.78 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $23.32, Revenue View $46.99 Billion -- Refinitiv Ibes Data (analyst estimates).
Sees 2022 Construction & Forestry Sales Up About 10%.
Production and Precision Agriculture Sales Increased 43% for the Quarter Due to Higher Shipment Volumes and Price Realization.