Investing.com - Deere&Company reported third quarter earnings that missed analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $2.71 on revenue of $10.04B. Analysts polled by Investing.com anticipated EPS of $2.85 on revenue of $9.44B. That compared to EPS of $2.59 on revenue of $9.29B in the same period a year earlier. The company had reported EPS of $3.52 on revenue of $10.27B in the previous quarter.
For the year, Deere&Company shares are down 3.68%, under-performing the S&P 500 which is up 14.96% year to date.
Deere&Company follows other major Capital Goods sector earnings this month
On Wednesday, July 24, 2019, Boeing reported second quarter EPS of $-5.82 on revenue of $15.75B, compared to forecasts of EPS of $-6.69 on revenue of $15.05B.
Honeywell earnings beat analyst's expectations on Thursday, July 18, 2019, with second quarter EPS of $2.1 on revenue of $9.24B. Investing.com analysts expected EPS of $2.08 on revenue of $9.35B
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