Edition:
United Kingdom

Deere & Co Reports Qtrly Earnings Per Share of $3.52


Friday, 17 May 2019 

May 17 (Reuters) - Deere & Co ::QUARTERLY NET SALES RISE 5% TO $10.3 BILLION.EQUIPMENT SALES ARE PROJECTED TO INCREASE BY ABOUT 5 PERCENT FOR FISCAL 2019.QTRLY EARNINGS PER SHARE $3.52.WORLDWIDE NET SALES AND REVENUES INCREASED 6 PERCENT, TO $11.342 BILLION, FOR THE SECOND QUARTER OF 2019.FULL-YEAR EARNINGS FORECAST REVISED TO $3.3 BILLION ON SALES INCREASE OF ABOUT 5%.FY2019 EARNINGS PER SHARE VIEW $11.13, REVENUE VIEW $35.68 BILLION -- REFINITIV IBES DATA.COMPANY EQUIPMENT SALES ARE PROJECTED TO INCREASE BY ABOUT 5 PERCENT FOR FISCAL 2019 COMPARED WITH 2018.INDUSTRY SALES OF AGRICULTURAL EQUIPMENT IN U.S. AND CANADA ARE FORECAST TO BE FLAT TO UP 5 PERCENT FOR FULL YEAR.DEERE - IN FORESTRY, GLOBAL INDUSTRY SALES FOR 2019 EXPECTED TO BE FLAT TO UP 5 PERCENT MAINLY DUE TO IMPROVED DEMAND IN EU28 COUNTRIES, RUSSIA.DEERE - SOUTH AMERICAN INDUSTRY SALES OF TRACTORS, COMBINES PROJECTED TO BE FLAT TO UP 5 PERCENT FOR 2019 BENEFITING FROM STRENGTH IN BRAZIL.INCLUDED IN FISCAL 2019 COMPANY EQUIPMENT SALES FORECAST ARE WIRTGEN RESULTS FOR FULL FISCAL YEAR OF 2019 VERSUS 10 MONTHS OF THE PRIOR YEAR.Q2 EARNINGS PER SHARE VIEW $3.62, REVENUE VIEW $10.19 BILLION -- REFINITIV IBES DATA.QTRLY CONSTRUCTION & FORESTRY NET SALES $2,991 MILLION VERSUS $2,698 MILLION.SAYS "SOFTENING CONDITIONS IN THE AGRICULTURAL SECTOR HAVE LED DEERE TO ADOPT A MORE CAUTIOUS FINANCIAL OUTLOOK FOR THE YEAR".QTRLY AGRICULTURE & TURF NET SALES $7,282 MILLION VERSUS $7,049 MILLION.