Deere And Co Profit Falls In Q2, But Beats Estimates

(RTTNews) - Deere And Co (DE) revealed a profit for second quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $2.37 billion, or $8.53 per share. This compares with $2.86 billion, or $9.65 per share, in last year's second quarter.

Analysts on average had expected the company to earn $7.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 12.4% to $15.235 billion from $17.387 billion last year.

Deere And Co earnings at a glance (GAAP) :

-Earnings (Q2): $2.37 Bln. vs. $2.86 Bln. last year. -EPS (Q2): $8.53 vs. $9.65 last year. -Revenue (Q2): $15.235 Bln vs. $17.387 Bln last year.