Investing.com - Deere&Company (NYSE:DE) reported second quarter earnings that missed analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.54 on revenue of $7.9B. Analysts polled by Investing.com forecast EPS of $3.62 on revenue of $10.23B. That compared to EPS of $3.14 on revenue of $9.75B in the same period a year earlier. The company had reported EPS of $1.54 on revenue of $6.94B in the previous quarter.
For the year, Deere&Company shares are down 2.13%, under-performing the S&P 500 which is up 16.12% year to date.
Deere&Company follows other major Capital Goods sector earnings this month
On Wednesday, April 24, 2019, Boeing reported first quarter EPS of $3.16 on revenue of $22.92B, compared to forecasts of EPS of $3.19 on revenue of $22.94B.
Honeywell earnings beat analyst's expectations on Thursday, April 18, 2019, with first quarter EPS of $1.92 on revenue of $8.88B. Investing.com analysts expected EPS of $1.83 on revenue of $8.63B
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