Investing.com - Deere&Company reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Deere&Company announced earnings per share of $3.06 on revenue of $8.66B. Analysts polled by Investing.com anticipated EPS of $1.38 on revenue of $7.57B.
Deere&Company shares are up 49.6% from the beginning of the year and are trading at $259.20 , down-from-52-week-high.They are outperforming the S&P 500 which is up 12.17% from the start of the year.
Deere&Company shares lost 0.88% in intra-day trade the report.
Deere&Company follows other major Capital Goods sector earnings this month
Deere&Company's report follows an earnings beat by Honeywell on October 30, who reported EPS of $1.56 on revenue of $7.8B, compared to forecasts EPS of $1.49 on revenue of $7.66B.
Boeing had beat expectations on October 28 with third quarter EPS of $-1.39 on revenue of $14.14B, compared to forecast for EPS of $-2.31 on revenue of $14.2B.
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