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Deere (DE) Q2 Earnings Lag, Sales Meet Estimates, View Up

Deere & Company DEreported second-quarter fiscal 2018 (ended Apr 29, 2018) adjusted earnings of $3.14 per share, which increased 26% year over year. The bottom line missed the Zacks Consensus Estimate of $3.33.

Including tax adjustments related to the tax reform, the company reported earnings of $3.

67 per share compared to $2.50 per share recorded in the year-ago quarter.

Net sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) came in at $9.75 billion, rising 34% year over year. Revenues came in line with the Zacks Consensus Estimate.

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