Deere: Q2 above expectations
(CercleFinance.com) - John Deere has reported a 49% increase in Q2 2017-18 net income to 1.
21 billion dollars, or 3.67 dollars per share, substantially above the consensus of approximately 3.30 dollars.
Revenues of the agricultural and construction equipment manufacturer rose by 29% to 10.7 billion dollars, supported by a significant improvement in market conditions worldwide and customers appreciating innovative products.
For the entire current fiscal year, the Moline (Illinois) based group said that it expects net income of approximately 2.3 billion dollars (3.1 billion dollars in adjusted terms) on sales that are up around 26%.
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21 billion dollars, or 3.67 dollars per share, substantially above the consensus of approximately 3.30 dollars.
Revenues of the agricultural and construction equipment manufacturer rose by 29% to 10.7 billion dollars, supported by a significant improvement in market conditions worldwide and customers appreciating innovative products.
For the entire current fiscal year, the Moline (Illinois) based group said that it expects net income of approximately 2.3 billion dollars (3.1 billion dollars in adjusted terms) on sales that are up around 26%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.