Deere Q1 GAAP EPS $6.23 Beats $5.33 Estimate, Sales $12.19B Beat $10.33B Estimate
Portfolio Pulse from Benzinga Newsdesk
Deere (NYSE:DE) reported Q1 earnings of $6.23 per share, surpassing the $5.33 estimate, and sales of $12.19B, exceeding the $10.33B estimate. Despite beating estimates, both earnings and sales saw a decrease compared to the same period last year.
February 15, 2024 | 11:11 am
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Deere reported Q1 earnings of $6.23 per share and sales of $12.19B, surpassing estimates but showing a year-over-year decline.
Deere's Q1 earnings and sales not only beat analyst estimates significantly but also demonstrated the company's strong performance despite a slight year-over-year decline. This positive surprise is likely to instill investor confidence and could lead to a short-term uptick in DE's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100