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Shares of Deere rise as financial results exceed expectations

Klavs Valters
24/11/2022
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Shares of Deere rise as financial results exceed expectations Deere & Company (NYSE: DE) announced financial results on Wednesday for the fourth quarter that ended on October 30, 2022. The US manufacturer of farm machinery and industrial equipment reported revenue of $15.536 billion for the quarter, which was above analyst forecast of $13.443 billion. Earnings per share reported at $7.44 per share vs. $7.112 per share expected. ''Deere’s strong performance for both the fourth quarter and full year is a tribute to our dedicated team of employees, dealers, and suppliers throughout the world,'' John C.

May, CEO of the company said in a statement. ''We’re proud of their extraordinary efforts to overcome supply-chain constraints, increase factory production, and deliver products to our customers,'' he added. The stock was up by around 5% on Wednesday, trading at $441.33. Stock performance 1 month: +12.79% 3 month: +69% Year-to-date: +67% 1 year: +94% Deere & Company price targets Deutsche Bank: $374 Goldman Sachs: $420 Argus Research: $420 Citigroup: $425 Morgan Stanley: $424 Credit Suisse: $447 Wells Fargo: $423 Oppenheimer: $365 Jefferies: $400 JP Morgan: $325 Deere & Company is the 84 th largest company in the world with a market cap of $132.90 billion.

You can trade Deere & Company (NYSE: DE) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. Sources: Deere & Company, TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap

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