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Deere & Company (DE) Tops Q2 EPS by 2c

August 17, 2011 7:01 AM EDT
Deere & Company (NYSE: DE) reported Q2 EPS of $1.69, $0.02 better than the analyst estimate of $1.67. Revenue for the quarter came in at $7.72 billion versus the consensus estimate of $7.5 billion.

Company equipment sales are projected to be up about 25 percent for fiscal 2011 and up about 20 percent for the fourth quarter compared with the same periods a year ago. Included is a favorable currency-translation impact of about 4 percent for both periods.


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