Investing.com - Deere&Company (NYSE:DE) reported first quarter earnings that missed analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $1.54 on revenue of $6.94B. Analysts polled by Investing.com expected EPS of $1.77 on revenue of $6.85B. That compared to EPS of $1.31 on revenue of $5.97B in the same period a year earlier. The company had reported EPS of $2.3 on revenue of $8.34B in the previous quarter.
For the year, Deere&Company shares are up 8.88%, under-performing the S&P 500 which is up 10.85% year to date.
Deere&Company follows other major Capital Goods sector earnings this month
On January 30, Boeing reported fourth quarter EPS of $5.48 on revenue of $28.34B, compared to forecasts of EPS of $4.57 on revenue of $26.87B.
ASML ADR earnings beat analyst's expectations on January 23, with fourth quarter EPS of $2.13 on revenue of $3.58B. Investing.com analysts expected EPS of $2.05 on revenue of $3.42B
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