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- Shares of Deere rise as financial results exceed expectations
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- Shares of Deere rise as financial results exceed expectations
- 1 month: +12.79%
- 3 month: +69%
- Year-to-date: +67%
- 1 year: +94%
- Deutsche Bank: $374
- Goldman Sachs: $420
- Argus Research: $420
- Citigroup: $425
- Morgan Stanley: $424
- Credit Suisse: $447
- Wells Fargo: $423
- Oppenheimer: $365
- Jefferies: $400
- JP Morgan: $325
News & analysisNews & analysisShares of Deere rise as financial results exceed expectations
24 November 2022 By Klavs ValtersShares of Deere rise as financial results exceed expectations
Deere & Company (NYSE: DE) announced financial results on Wednesday for the fourth quarter that ended on October 30, 2022.
The US manufacturer of farm machinery and industrial equipment reported revenue of $15.536 billion for the quarter, which was above analyst forecast of $13.443 billion.
Earnings per share reported at $7.44 per share vs. $7.112 per share expected.
”Deere’s strong performance for both the fourth quarter and full year is a tribute to our dedicated team of employees, dealers, and suppliers throughout the world,” John C. May, CEO of the company said in a statement.
”We’re proud of their extraordinary efforts to overcome supply-chain constraints, increase factory production, and deliver products to our customers,” he added.
The stock was up by around 5% on Wednesday, trading at $441.33.
Stock performance
Deere & Company price targets
Deere & Company is the 84th largest company in the world with a market cap of $132.90 billion.
You can trade Deere & Company (NYSE: DE) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.
Sources: Deere & Company, TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap
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