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Deere Just Crushed Estimates and Called the Bottom of the Cycle
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Deere Just Crushed Estimates and Called the Bottom of the Cycle
John Deere reported fiscal Q1 earnings this morning that blew the doors off expectations. The company posted $2.42 per share against a consensus of $2.11 — a 15% beat. Revenue came in at $8 billion, up from $6.8 billion a year ago. Total net sales and revenues surged 13% to $9.6 billion. And perhaps most importantly, Deere raised its full-year net income guidance to a range of $4.5 billion to $5.0 billion. CEO John May did not mince words about …
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