Deere Beats Q4 Earnings, Down Y/Y On Slowdown In Farming


Deere & Company’s (DE – Analyst Report) earnings per share in the fourth quarter of fiscal 2014 (ended Oct 31, 2014) declined 13.3% to $1.83 from $2.11 earned in the prior-year quarter impacted by less favorable product mix, lower shipment and production volumes and higher production costs. Earnings, however, beat the Zacks Consensus Estimate of $1.58, delivering an earnings surprise of 15.8%.

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