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CNBC Television published this video item, entitled “Deere shares rise after strong quarterly earnings” – below is their description.
Deere earned $3.87 per share for its fiscal first quarter, compared to estimates of $2.14 a share. Revenue also beat forecasts, and Deere increased its full-year earnings outlook amid improvements in the agricultural and construction sectors. CNBC’s “Squawk on the Street” crew reports. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
The agricultural machinery stock jumped more than 10% after Deere easily topped expectations for its fiscal first quarter. The company reported per-share earnings of $3.87 on $8.05 billion in revenue. Analysts surveyed by Refinitiv were expecting $2.14 per share and $7.22 billion in revenue. Deere’s net sales from its equipment unit were up 23% year over year.
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