Investing.com - Deere&Company reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Deere&Company announced earnings per share of $3.87 on revenue of $8.05B. Analysts polled by Investing.com anticipated EPS of $2.12 on revenue of $7.12B.
Deere&Company shares are up 11.6% from the beginning of the year and are trading at $300.25 , down-from-52-week-high.They are outperforming the S&P 500 which is up 4.2% from the start of the year.
Deere&Company follows other major Capital Goods sector earnings this month
Deere&Company's report follows an earnings beat by Honeywell on Friday, January 29, 2021, who reported EPS of $2.07 on revenue of $8.9B, compared to forecasts EPS of $2 on revenue of $8.4B.
Boeing had missed expectations on Wednesday, January 27, 2021 with fourth quarter EPS of $-15.25 on revenue of $15.3B, compared to forecast for EPS of $-1.64 on revenue of $15.06B.
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