Deere & Company Reports Q3 Revenue, Cuts FY Outlook

    Author Stas SerfesPosted on Format VideoCategories Investing VideosTags , , , , , , , ,

    Deere & Company (NYSE:DE), also known as John Deere, just reported earnings. Let’s take a look. The company reported earnings per share of $6.16 versus the $6.69 estimate on revenue of $14.1 billion versus $12.78 billion.

    So looking at revenue, it has been growing pretty nicely over the past year or two years here because recently they’ve raised their prices, so naturally revenues are going to increase when there’s a lot of inflation and companies are raising prices across their products, right?

    Deere & Company

    Deere & Company Cuts Full-Year Outlook

    And another thing worth mentioning, which is why Deere & Company (NYSE:DE) stock’s probably fallen, is they cut the full-year industry outlook for both the US and Canada when it comes to agriculture and turf, and they also cut their net income guidance. It was $7 billion to $7.4 billion. Now it’s that $7 billion to $7.2 billion.

    And as you guys can see on the stock here, it dropped down over 5% after these earnings came out, and it makes sense to me.

    Let me know your thoughts.

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    Author Stas Serfes
    About the author: Stas Serfes is a stock market investor/trader who owns Strive Smart LLC, a media company that’s amassed millions of views across multiple platforms. Upon graduating college, he realized he wanted to take the entrepreneurial route and create his own path. In 2017 Stas started his Youtube channel “Stas Serfes” where he began creating content on his experiences in the stock market and what he’s learned. This stemmed from his passion about money, business, stocks, and personal finance.