giftedviz.com
giftedviz.com November 23, 2017


Deere announces second-quarter earnings

19 May 2017, 06:08 | Rodolfo Wallace

Deere announces second-quarter earnings

John Deere equipment is on display at the Farm Progress Show in Decatur Ill. Deere & Co. reports earnings Friday

Deere & Co. (NYSE: DE) reported second-quarter fiscal 2017 results before markets opened Friday.

For the quarter ended April 30, sales of Deere's farm machinery rose 2.2% from a year earlier to $7.26 billion, as sales of construction and forestry equipment grew 0.9% during the quarter to $1.47 billion.

Net sales in equipment operations reached $7.25 billion during the quarter and $11.96 billion for the six months, in comparison to $7.01 billion and $11.9 billion for the same time frames respectively past year. The FactSet consensus for earnings per share was $1.63.

Equipment operations posted a $1.11 billion operating profit for the three-month period and $1.36 billion for the six months, in comparison to an operating profit of $688 for the quarter and $902 million for six months one year ago. For the year analysts expect EPS of $4.94 compared with $4.81 last year.

Try Dunkin' Donuts' new frozen coffee for free Friday
The coffee can be customized with flavors, shots and milk. It's free! That should be the only incentive you need! It's like getting an iced coffee that's too light.


Warriors rout Spurs, take 2-0 series lead
One player specifically who saved his worst performance of the postseason for Game 2 against the Warriors is Lamarcus Aldridge . At one point, he had three rookies on the floor for the Spurs . "It's tough, but it's a long series", guard Patty Mills said.


Roger Ailes dead at 77, Fox News says
He continued by writing that he wished people would leave Ailes' family and legacy in peace, but he doubted that would happen. Ailes denied the allegations, saying the reason her contract was not renewed was due to "disappointingly low ratings".


"We are seeing modestly higher overall demand for our products, with farm machinery sales in South America experiencing a strong recovery", CEO Samuel Allen said in a statement.

The company also raised it full-year sales forecast for farm equipment in the USA and Canada. Deere's performance also reflects the sound execution of our operating plans, the strength of a broad product portfolio, and the impact of our actions to develop a more agile cost structure.

David McNew/Getty ImagesDeere & Company reported second-quarter earning that were ahead of Wall Street expectations while raising its profit forecast. The stock has climbed 36 percent in the last 12 months.



Other News

Trending Now

Alonso's vital Indy 500 weapon
The McLaren driver , running a McLaren , Honda and Andretti-backed vehicle , is bidding to win motor racing's Triple Crown. Thanks to the simulator testing, I felt like I knew my vehicle before I got in it last week at Indy.

Angela Bassett joins Mission: Impossible 6
Actress Angela Bassett has joined the cast of "Mission: Impossible 6". Secret Service in the 2016 action-thriller "London Has Fallen".

The Upcoming Meeting Between Trump And Erdo an Will Probably Be Tense
He said the talks are "merely a meeting for the media" and "there is nothing substantial in all the Geneva meetings". Even if Ankara could get USA courts to act, a quick decision in the Gulen case was unlikely, Arslan said via e-mail.

Len McCluskey 'confident' that opinion polls will start to turn for Labour
He's got now just under four weeks to try to see if you can break through that image and it's going to be a very, very hard task. Mr Watson, Labour MP for West Bromwich East, said families were facing increases in food and energy bills under the Tories.

5 things you don't know about Baby Groot of 'Guardians'
Kevin and I are working on what is going to become of the Marvel Cosmic Universe and where it's going to go. Gamora ( Zoe Saldana ) must contend with Nebula (Karen Gillian), fellow daughter of Avengers baddie Thanos.

Real Madrid's 2-goal Cristiano Ronaldo: Now our focus is Sunday
I think that Real will not have problems with Celta, who, although she will try to resist, must ultimately lose. Here, we take a look at some of the key talking points ahead of the clash at Balaidos .

USA and European Union reject expanding laptop ban to flights from Europe
The IATA also said the measure would mark a dramatic expansion of the ban now in place, impacting an estimated 390 flights a day. There's a lot on the line as the Trump administration considers expanding its laptop ban to include flights from Europe.

Trump to propose scrapping beleaguered student loan forgiveness program
Trump's budget proposal would cut that almost in half, with a $490 million reduction to the Federal Work Study program. The new rates will take effect July 1 and are only good for loans taken out to pay for the 2017-2018 academic year.

London airport to use 'digital' air traffic control tower
The tech has already been tested in Australia, Sweden, Norway and Ireland and has been developed by Saab. The system is being introduced as part of a £350m development programme to upgrade London City Airport.

Explaining the mechanics of the Trump-Russia special counsel
Mueller to stay in office for an additional two years beyond the normal 10-year term limit", Lamborn said. While unlikely, Mueller may not be provided with the resources he needs for a thorough probe.