Deere Q2 EPS $9.65 Beats $8.59 Estimate, Sales $17.39B Beat $14.83B Estimate
Portfolio Pulse from Benzinga Newsdesk
Deere reported Q2 earnings of $9.65 per share, beating the analyst consensus estimate of $8.59 by 12.34%. Quarterly sales were $17.39 billion, surpassing the estimate of $14.83 billion by 17.24%. Both earnings and sales increased significantly compared to the same period last year.
May 19, 2023 | 10:06 am
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Deere's Q2 earnings and sales exceeded analyst estimates, with a 41.7% increase in EPS and a 30.04% increase in sales compared to last year.
Deere's better-than-expected Q2 earnings and sales, along with significant YoY growth, indicate a positive short-term impact on the stock price. The strong financial performance is likely to boost investor confidence in the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100