Seeking Alpha

More on Deere FQ1: Net income +4.8%; guidance tops consensus

  • Deere's (DE +2.3%) net income rose to $681.1M from $649.7M a year earlier.
  • Equipment sales +2.2% to to $6.95B, topping forecasts of $6.55B.
  • Forecasts FY profit of $3.3B, above consensus of $3.13B.
  • Expects equipment sales to fall 3% in FY 2014 and 6% in FQ2.
  • Deere's earnings call is scheduled for 10 am ET. (PR)
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