Deere & Company (DE) Reports Q2 Beat With 62% Gain On Bottomline

Deere beats Street 2Q forecasts

Deere beats Street 2Q forecasts

Globally, net sales and revenues were up 5 percent-to $8.287 billion-for the second quarter, and is up 4 percent-to $13.912 billion-over the past six months.

Outside the US and Canada region, the company saw a jump in sales of 14% for the just ended quarter and 13% for the fiscal year's first six months.

This morning, Deere & Co. reported second-quarter net income of $802.4 million.

The revisions came as Deere reported "signs of further stabilisation" in market conditions, after a downturn fuelled by the dent to farm incomes from weaker crop prices.

Senate panel wants James Comey to testify
And then there was the story that he had tried to stop the FBI investigation into his former national security adviser. Mueller was nominated to serve as the head of the Federal Bureau of Investigation by President George W.

But the firm forecast an 9% rise in sales for the financial year, powered in part by a 20% rise in sales of farm machinery in South America.

Deere said it now expects fiscal 2017 net income attributable to the company to be about $2 billion, up from $1.5 billion estimated previously. Deere sees net income of about $2 billion, up from its previous estimate of around $1.5 billion.

Excluding the gain of 55 cents on sale of partial interest in affiliate SiteOne Landscape Supply Inc., which provides irrigation supplies, Deere earned $1.94 per share.

Shares of Deere traded up 5.5% at $118.81 in the premarket Friday morning, a new 52-week high if it holds after the bell.

Chelsea Manning Celebrates First Steps of Freedom on Instagram
The day after her sentencing, Manning confirmed through her lawyer that she identifies as a woman. "Pvt. Military prosecutors had argued that Manning's leaks severely damaged US intelligence.

Net receivables and leases financed by JDCC were $32.015 billion at April 30, 2017, compared with $33.208 billion at May 1, 2016. Industry sales for agricultural equipment in the USA and Canada are forecast to be down about 5 percent for 2017, reflecting weakness in the livestock sector and the continuing impact of low crop prices.

Deere's sales had taken a hit as lower prices for corn and soybeans left farmers with less cash to spend on equipment.

"Deere is demonstrating a continuing ability to produce impressive results through all phases of the business cycle", Allen said.

Analysts have forecast fiscal year sales of $24.32 billion, about 5% higher than sales of $23.39 billion in 2016.

Cyberattack is 'wake-up call' for governments
The attacks exploited the computers because they were running outdated versions of Microsoft's Windows operating system. He adds that governments should report vulnerabilities like the one at the center of the WannaCry attack.

Recommended News

  • Djokovic beats Bautista Agut to reach Italian Open QFs

    Djokovic beats Bautista Agut to reach Italian Open QFs

    The Austrian fought off a double match point at 4-6 in the tiebreaker, then thwarted a third match point at 6-7 before surviving. In the women s tournament, Venus Williams overcame determined Briton Johanna Konta to win their third-round clash 6-1, 3-6, 6-1.
    Billionaire Usmanov made $1.3 billion offer for control of Arsenal

    Billionaire Usmanov made $1.3 billion offer for control of Arsenal

    Usmanov, who acquired his fortune in the metal industry, is believed to be concerned by a lack of investment in Arsenal . The 63-year-old tycoon, who started out with a plastic bags business, also heads the International Fencing Federation.
    S. Korea's Moon warns high chance of clashes with North

    S. Korea's Moon warns high chance of clashes with North

    The U.S. troop presence in South Korea, a legacy of the Korean War, is primarily to guard against the North Korean threat. Speaking in Japan, Commander of the U.S.
  • Instagram found to be the worst social media platform for mental health

    Instagram found to be the worst social media platform for mental health

    More young people use social media than any other age group, with 90 per cent of young people active across the various platforms. A spokesperson from Samaritans told Independent.ie that work needs to be done to make social media safer for young people.
    Trump denies ever urging Comey to back off Flynn investigation

    Trump denies ever urging Comey to back off Flynn investigation

    Bush administration officials illegally leaked the name of Central Intelligence Agency operative Valerie Plame to a journalist. Mr Rosenstein said the appointment was "necessary in order for the American people to have full confidence in the outcome".
    Sen. Graham: Trump-Russia probe seems to be criminal investigation

    Sen. Graham: Trump-Russia probe seems to be criminal investigation

    The White House counsel was notified after the special counsel order was signed and soon before it was publicly announced. Senate attended a briefing with Deputy Attorney General Rod Rosenstein in a secure auditorium beneath the Capitol.
  • GOP lawmaker raises option of impeaching Trump over Comey

    Russian President Vladimir Putin says that Moscow is prepared to provide a record of a White House meeting in which U.S. A look at key moments in Comey's tenure, the lead-up to Trump's decision to fire him and developments since then.
    Adrian extends West Ham stay

    Adrian extends West Ham stay

    Boss Slaven Bilic said: "Adrian was out of contract but we have an option on him and we have activated it". We would like to improve the quality in certain positions but I don't want to talk about names now.
    Uber Threatens to Fire Engineer Embroiled in Google Lawsuit

    Uber Threatens to Fire Engineer Embroiled in Google Lawsuit

    Alsup told Uber it should do "whatever it can" to ensure that the conditions of the order are met, even if that includes firing Levandowski.
  • Downpour halts Djokovic-Del Potro quarter-final

    Downpour halts Djokovic-Del Potro quarter-final

    In the women's tournament, Venus Williams overcame determined Briton Johanna Konta to win their third-round clash 6-1, 3-6, 6-1. Estonian qualifier Anett Kontaveit, who beat top-ranked Angelique Kerber in the second round, continued her dream debut.
    US racer Hayden still in

    US racer Hayden still in "extremely critical" condition

    He suffered head and chest injuries in the accident and has been placed in an induced coma, according to reports. He has been joined by his fiancée Jackie as well as his brother Tommy and mother Rose who arrived from the U.S.
    Former US Rep. Anthony Weiner faces charges in sexting case

    Former US Rep. Anthony Weiner faces charges in sexting case

    Explicit online messages also surfaced during his 2013 New York City mayoral run, according to reports. The U.S. attorney's office in Manhattan says the Democrat will appear in court at 11 a.m.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.