Deere: raises FY targets again
(CercleFinance.com) - On its quarterly earnings call, John Deere
raised its target range for net income for FY 2022-23 to between 9.
25 and 9.50 billion dollars, compared with 8.75 to 9.25 billion dollars three months ago.
For Q2, the agricultural and construction machinery maker reported net income of $2.86bn, or EPS that is up 42% to $9.65, on revenues that rose 30% to nearly $17.4bn.
Deere continues to benefit from favorable market conditions and an improving operating environment, management said, adding that supply constraints remain a challenge, although are improving.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
raised its target range for net income for FY 2022-23 to between 9.
25 and 9.50 billion dollars, compared with 8.75 to 9.25 billion dollars three months ago.
For Q2, the agricultural and construction machinery maker reported net income of $2.86bn, or EPS that is up 42% to $9.65, on revenues that rose 30% to nearly $17.4bn.
Deere continues to benefit from favorable market conditions and an improving operating environment, management said, adding that supply constraints remain a challenge, although are improving.
Copyright (c) 2023 CercleFinance.com. All rights reserved.