Investing.com - Deere&Company reported on Friday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Deere&Company announced earnings per share of $6.16 on revenue of $13.00B. Analysts polled by Investing.com anticipated EPS of $6.64 on revenue of $12.96B.
Deere&Company shares are up 7.32% from the beginning of the year and are trading at $367.99 , down-from-52-week-high.They are outperforming the S&P 500 which is down 10.12% from the start of the year.
Deere&Company follows other major Industrials sector earnings this month
Deere&Company's report follows an earnings beat by United Parcel Service on Tuesday, July 26, 2022, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on Thursday, July 21, 2022 with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
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