During the
second quarter, John Deere was able to hit quarterly highs for both income and
sales, and was the tenth straight quarter where thy reporter higher earnings
quarter over quarter. Quarterly income cracked $1 Billion for the first time in
company history, with revenues growing to over $10 Billon, giving the global
giant year over year growth of over 12%. The company reported EPS of $2.61,
which beat the market expectations of $2.54, a positive surprise of 2.76%. A
big reason for this growth has been the growth in global farming, which
according to CEO Sam Allen has shown impressive “strength and endurance.” The company
has also successfully launched their major new product line, the
engine-emission technology.
-Matt Buechele
-Matt Buechele
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