Deere & Company (NYSE:DE) 4Q18 Earnings Miss Street View

Deere

Deere & Company (NYSE:DE) reported fourth quarter earnings before the bell today, that missed street view.

On a GAAP basis, DE reported net income of $ 784.80 million or $ 2.42 per share, compared with income of $ 510.30 million or $ 1.57 per share, a year ago period.

Excluding special items, the company announced Non-GAAP net income of $ 747.70 million or $ 2.30 per share.

Headquartered in Moline, DE recorded total revenue that rose 17% to $ 9.42 billion from $ 8.02 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected Deere & Company to reveal income of $ 2.45 per share on revenue of $ 8.57 billion for the fourth quarter.

John Deere has concluded another solid year in which the company benefited from a further improvement in market conditions and a favorable customer response to its lineup of advanced products,” said Samuel R. Allen, chairman and chief executive officer.