First-quarter net income more than doubles on 23% gain in net sales, reflecting successful execution of new operating strategy.
Improved conditions in agricultural and construction sectors setting stage for year of strong performance.
Full-year earnings forecast increased to $4.6 to $5.0 billion.
Deere & Company (NYSE:DE) reported net income of $1.224 billion for the first quarter ended January 31, 2021, or $3.87 per share, compared with net income of $517 million, or $1.63 per share, for the quarter ended February 2, 2020. Worldwide net sales and revenues increased 19 percent in the first quarter of 2021 to $9.112 billion. Equipment operations net sales were $8.051 billion for the quarter, compared with $6.530 billion in 2020.
"Deere & Co" has broken above a previous resistance area with a strong price gain supported by greater than normal volume . Be careful as it could pull back. Perhaps look for a buy price if it reaches 338$ to confirm direction"
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Improved conditions in agricultural and construction sectors setting stage for year of strong performance.
Full-year earnings forecast increased to $4.6 to $5.0 billion.
Deere & Company (NYSE:DE) reported net income of $1.224 billion for the first quarter ended January 31, 2021, or $3.87 per share, compared with net income of $517 million, or $1.63 per share, for the quarter ended February 2, 2020. Worldwide net sales and revenues increased 19 percent in the first quarter of 2021 to $9.112 billion. Equipment operations net sales were $8.051 billion for the quarter, compared with $6.530 billion in 2020.
"Deere & Co" has broken above a previous resistance area with a strong price gain supported by greater than normal volume . Be careful as it could pull back. Perhaps look for a buy price if it reaches 338$ to confirm direction"
1% maximum size of your portofolio