Deere & Co. (DE) Tops Q1 EPS by 37c, Revenues Beat
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Deere & Co. (DE) Gains 6% Following Q1 Beat
February 21, 2020 8:01 AM ESTDeere & Co. (NYSE: DE) gains 6.4% following better-than-expected first-quarter results this morning.
... MoreDeere's shares hit all-time high on unexpected rise in quarterly profit
February 21, 2020 6:43 AM ESTBy Rajesh Kumar Singh
CHICAGO (Reuters) - Deere & Co's (NYSE: DE) shares hit an all-time high on Friday after the company reported an unexpected increase in first-quarter profit, but the world's largest farm equipment maker warned the outbreak of coronavirus would hit sales and earnings in the second quarter.
Shares surged 9.7% to their highest-ever level of $181.99 in morning trade after Deere said it sees signs of stabilization in the U.S. farm sector, which has been buffeted by a nearly two-year-long trade war with China.
Shares were up 8% at $179.16 in mid-afternoon.
... MoreU.S. manufacturers scramble for costly alternatives as coronavirus cuts Chinese supplies
February 20, 2020 12:29 PM ESTBy Rajesh Kumar Singh and Timothy Aeppel
CHICAGO/NEW YORK (Reuters) - The outbreak of coronavirus in China has forced U.S.-based suppliers to industrial giants such as Caterpillar Inc (NYSE: CAT), Deere & Co (NYSE: DE) and Komatsu Ltd to grapple with a surge in costs to avoid production disruptions.
As the epidemic slows exports from the global manufacturing hub, the higher prices for everything from tubes to metal pieces could further dent earnings of tractor and machinery makers that are already battling with a... More
Deere & Co. (DE) February option implied volatility increases into EPS and outlook
February 20, 2020 10:39 AM ESTDeere & Co. (NYSE: DE) February call option implied volatility is at 81, March is at 27; compared to its 52-week range of 19 to 41 into the expected release of quarter results before the bell on February 21.
... More