Deere's Revenue Rises on Construction Equipment Demand
Deere & Company reported $13.37 billion in revenue for the quarter, exceeding analyst expectations, as strong demand for construction equipment offset a downturn in the agricultural sector. The company maintained its full-year profit forecast of $4.5 billion to $5 billion.
Key facts
- Deere posted $13.37 billion in revenue
- Revenue topped expectations
- Construction equipment demand offset farm slump
- Full-year profit forecast maintained at $4.5 billion to $5 billion
Entities
Institutions
- Deere & Company
Sources
- Quartz —