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Deere: raises FY targets again
(CercleFinance.com) - On its quarterly earnings call, John Deere announces that it has once again raised its earnings target range for FY 2022-23 to between $9.
75bn and $10bn, compared with $9.25bn and $9.50bn forecast three months ago. NB pmt -0.8%. Deere continues to benefit from favorable market conditions and an improving operating environment, management said, which also points to stabilizing conditions in the supply chain. For Q3, the agricultural and construction machinery manufacturer posted net earnings of $2.98bn, representing EPS that is up 66% to $10.20, on revenues that rose 12% to $15.8bn. Copyright (c) 2023 CercleFinance.com. All rights reserved. |
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