Shares of Deere (NYSE:DE) decreased 0.4% in pre-market trading after the company reported Q2 results.
Earnings per share fell 40.06% over the past year to $2.11, which beat the estimate of $1.80.
Revenue of $9,253,000,000 decreased by 18.42% year over year, which beat the estimate of $7,760,000,000.
Deere hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: May 22, 2020
Time: 10:00 AM
ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.deere.com%2Fhome%2F&eventid=2158162&sessionid=1&key=A621773C7797B2E69DC1618928730AD8®Tag=&sourcepage=register
Recent Stock Performance
52-week high: $181.99
Company's 52-week low was at $106.14
Price action over last quarter: down 17.23%
Deere is the world's leading manufacturer of agricultural equipment with approximately $37 billion in annual revenue, including $3.6 billion from its financial services arm. The company is divided into two reportable segments: (1) agriculture and turf and (2) construction and forestry. Approximately 60% of Deere equipment is sold in North America and Canada. The principal products harvested by Deere equipment include grain, oilseeds, cotton, sugar, and biomass. In 2019, agriculture and turf made up approximately 68% of total revenue while construction and forestry generated 32%.