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 $2.92 on revenue of $8.53B. Analysts polled by Investing.com anticipated EPS of $2.24 on revenue of $8.28B.
Deere&Company shares are up 10.98% from the beginning of the year and are trading at $380.53 , down-from-52-week-high.They are outperforming the S&P 500 which is down 8.1% 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, February 1, 2022, who reported EPS of $3.59 on revenue of $27.85B, compared to forecasts EPS of $3.1 on revenue of $27.06B.
Union Pacific had beat expectations on Thursday, January 20, 2022 with fourth quarter EPS of $2.66 on revenue of $5.73B, compared to forecast for EPS of $2.6 on revenue of $5.59B.
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