Deere & Co. (DE) Tops Q4 EPS Views; Issues Confident FY17 Outlook
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Deere Reports Earnings of $285 Million for Fourth Quarter and $1.524 Billion for Year
November 23, 2016 6:45 AM EST- Global farm recession, weak construction-equipment markets lead to lower sales and earnings for fourth quarter and full year.
- Sound execution and broad business lineup aid performance.
- Efforts to establish more efficient cost structure make headway.
- Fiscal 2017 forecast calls for earnings of $1.4 billion on slightly lower sales volumes.
MOLINE, Ill., Nov. 23, 2016 /PRNewswire/ -- Net income attributable to Deere & Company (NYSE: DE)Â was $285.3 million, or $0.90 per share, for the fourth quarter ended October 31, compared with $351.2 million, or $1.08 per share, for the same period of 2015. For fiscal 2016,... More
