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BRIEF-Deere & Co Q3 earnings per share $1.97
2017年8月18日 / 上午10点42分 / 1 个月前

BRIEF-Deere & Co Q3 earnings per share $1.97

Aug 18 (Reuters) - Deere & Co

* Deere announces third-quarter earnings of $642 million

* Q3 sales $7.808 billion versus I/B/E/S view $6.92 billion

* Sees FY sales up 10 percent

* Q3 earnings per share $1.97

* Q3 earnings per share view $1.95 -- Thomson Reuters I/B/E/S

* Agriculture & turf sales increased 13 percent for quarter​

* Company equipment sales are projected to increase about 10 percent for fiscal 2017 and be up about 24 percent for Q4

* Construction and forestry sales increased 29 percent for quarter​

* Deere’s worldwide sales of agriculture and turf equipment are forecast to increase by about 9 percent for fiscal-year 2017​

* Full-year forecast calls for net income of $2.075 billion​

* Net sales and revenues are projected to increase about 11 percent for fiscal 2017 with net income attributable to co of about $2.075 billion

* ‍Deere’s worldwide sales of construction and forestry equipment are forecast to be up about 15 percent for 2017​

* Worldwide sales of agriculture and turf equipment are forecast to increase by about 9 percent for fiscal-year 2017​

* Included in forecast is a positive foreign-currency translation effect of about 1 percent for full year and about 2 percent in Q4

* Full-year 2017 agriculture & turf​ industry sales in EU28 member nations are forecast to be flat to down 5 percent

* Industry sales of turf and utility equipment in U.S. and Canada are expected to be about flat for 2017​

* Full-year 2017 agriculture & turf Asian sales are projected to be flat to down slightly​

* Industry sales for agricultural equipment in U.S. and Canada are forecast to be down about 5 percent for 2017​

* Seeing higher overall demand for products with farm machinery sales in South America experiencing strong gains, construction equipment sales rising sharply

* FY2017 earnings per share view $6.42, revenue view $25.46 billion -- Thomson Reuters I/B/E/S

* Net sales and revenues are projected to increase about 11 percent for fiscal 2017​ Source text for Eikon: Further company coverage:

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