Deere reported earnings on Monday, Feb. 22.
Deere said earnings for the three months ending in January, the group's fiscal first quarter, came in at $3.87 per share, up 137% from the same period last year and firmly ahead of the Street consensus forecast of $2.14 per share. Group worldwide sales, Deere said, rose 19% from last year to $9.112 billion, against topping analysts' estimates of a $7.225 billion tally.
“John Deere started 2021 on a strongly positive note,” said CEO John May. “Our results were aided by outstanding performance across our business lineup and improving conditions in the farm and construction sectors. In addition, our smart industrial operating strategy is making a significant impact on the company’s results while it also helps our customers be more profitable and sustainable.
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