Investing.com - Deere&Company (NYSE:DE) reported fourth quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.3 on revenue of $8.34B. Analysts polled by Investing.com anticipated EPS of $2.44 on revenue of $8.61B. That compared to EPS of $1.57 on revenue of $8.02B in the same period a year earlier. The company had reported EPS of $2.59 on revenue of $9.29B in the previous quarter.
For the year, Deere&Company shares are down 11.49%, under-performing the S&P 500 which is down 1.56% year to date.
Deere&Company follows other major Capital Goods sector earnings this month
On October 24, Boeing reported third quarter EPS of $3.58 on revenue of $25.15B, compared to forecasts of EPS of $3.47 on revenue of $23.89B.
3M earnings matched analyst's expectations on October 23, with third quarter EPS of $2.58 on revenue of $8.15B. Investing.com analysts expected EPS of $2.58 on revenue of $8.41B
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