Deere Q4 EPS $8.26 Vs $7.44 Last Year, Sales $15.41B Beat $13.69B Estimate
Portfolio Pulse from Benzinga Newsdesk
Deere & Company (NYSE:DE) reported Q4 earnings per share (EPS) of $8.26, an 11.02% increase from $7.44 last year. Quarterly sales were $15.41B, surpassing the $13.69B estimate but slightly down by 0.80% from $15.54B in the same period last year.
November 22, 2023 | 11:05 am
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Deere & Company reported a strong Q4 with EPS and sales beating estimates, indicating robust financial performance despite a slight year-over-year sales decline.
Deere's earnings beat and higher-than-expected sales are likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. The slight decrease in sales compared to last year is overshadowed by the strong earnings performance.
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IMPORTANCE 90
RELEVANCE 100