Deere & Co. (DE): Strong Earnings, No Sign Of Slowing Down

Deere & Co. (DE) beat first quarter earnings expectations and the company stated that they do not expect any drop in sales going forward. "Deere & Co. (DE) had a strong quarter and with shares trading higher, the market agrees. The EPS is more than double from last year. Production levels have increased and guidance was raised," says Jonathan Sakraida. "Management lifted fiscal year 2023 income guidance reflecting stronger than previously forecast growth. Construction and forestry were a standout this quarter," adds Kristen Owen.

The Watch List

17 Feb 2023

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