Investing.com - Deere&Company reported third quarter earnings that beat analyst's expectations on Friday and reported revenue that topped forecasts.
The firm reported earnings per share of $2.78 on revenue of $9.29B. Analysts polled by Investing.com anticipated EPS of $2.73 on revenue of $9.18B.
That compared to EPS of $1.57 on revenue of $7.81B in the same period a year earlier.
The firm had reported EPS of $3.14 on revenue of $9.75B in the previous quarter.
Deere&Company shares gained 1.22% to trade at $137.35 in intra-day trade following the report.
For the year, Deere&Company shares are down 12.33%, under-performing the S&P 500 which is up 5.85% year to date.
Deere&Company follows other major earnings reports from the Capital Goods sector this month
On Wednesday, July 25, 2018, Boeing (NYSE:BA) reported second quarter EPS of 3.33 on revenue of 24.26B, compared to forecasts of EPS of 3.25 on revenue of 24.04B.
3M earnings beat analyst's expectations on Tuesday, July 24, 2018, with second quarter EPS of 2.59 on revenue of 8.39B. Investing.com analysts expected EPS of 2.58 on revenue of 8.39B