Investing.com - Agricultural machinery giant Deere & Company reported better-than-expected first-quarter earnings on the back of strong revenue figures, it announced early Wednesday.
Earlier in the day, in its first quarter earnings report, Deere said earnings per share came in at USD1.65, compared to expectations for earnings of USD1.40 per share.
The firm’s first quarter revenue rose 10% from a year-ago to USD7.42 billion, above expectations for revenue of USD7.35 billion.
Total net sales in the period came in at USD6.79 billion, compared to expectations for sales of USD6.73 billion.
Following the release of the report, DE shares rose 2% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets mildly higher. The Dow Jones Industrial Average futures pointed to a flat open, S&P 500 futures added 0.2%, while the Nasdaq 100 futures indicated a gain of 0.3% at the open.
Earlier in the day, in its first quarter earnings report, Deere said earnings per share came in at USD1.65, compared to expectations for earnings of USD1.40 per share.
The firm’s first quarter revenue rose 10% from a year-ago to USD7.42 billion, above expectations for revenue of USD7.35 billion.
Total net sales in the period came in at USD6.79 billion, compared to expectations for sales of USD6.73 billion.
Following the release of the report, DE shares rose 2% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets mildly higher. The Dow Jones Industrial Average futures pointed to a flat open, S&P 500 futures added 0.2%, while the Nasdaq 100 futures indicated a gain of 0.3% at the open.