Deere: third-quarter results below consensus

(CercleFinance.com) - John Deere has reported third-quarter 2017-18 net income that is up 42% at 910 million dollars, or 2.
78 dollars per share.
However, adjusted EPS reaches 2.59 dollars, fifteen cents short of the consensus.

The farm and construction equipment manufacturer's revenues increased 32% to 10.3 billion dollars, benefiting from favourable market conditions and a positive response from clients to its advanced product range.

For the entire current fiscal year, the Moline (Illinois) based group says that it expects net income of approximately 2.36 billion dollars (3.1 billion dollars in adjusted terms) on revenues that are up around 26%.

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