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Deere Beats 4Q Estimates, Strength in Farmland Sector Drives Results

Zacks.com submits:

Deere & Co. (DE) delivered earnings per share (EPS) of $1.07 in its fourth quarter ended October 30, 2010, striding ahead of the Zacks Consensus Estimate of 96 cents, almost five times the EPS of 23 cents reported in the year-ago quarter. The outperformance was driven by positive conditions in the U.S. farm sector particularly in terms of demand for large equipment somewhat offset by weak European agricultural markets.

The year-ago quarter excluded the impairment of goodwill related to the John Deere Landscapes reporting unit and voluntary employee-separation expenses associated w

By admin posted about 1 year ago
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