Deere & Co. (DE) Earnings Beat Estimates

Deere & Co. (DE) earnings report indicated $5.68 in EPS and $12.06B in revenue, beating estimates. The company's 2Q net sales increased 34% year-over-year. Jefferies' Steve Volkmann says that they have a buy rating on the stock with a price target of $400. They believe that the strong sales and solid operating leverage resulted in the operating beat.

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Deere & Co. (DE) Earnings Beat Estimates

Deere & Co. (DE) earnings report indicated $5.68 in EPS and $12.06B in revenue, beating estimates. The company's 2Q net sales increased 34% year-over-year. Jefferies' Steve Volkmann says that they have a buy rating on the stock with a price target of $400. They believe that the strong sales and solid operating leverage resulted in the operating beat.