Company news: Deere (DE) quarterly results solidly beat analysts’ expectations

Deere (DE) reported Q1 FY2023 earnings of $6.55 per share (versus $2.92 per share in Q1 FY2022), strongly beating analysts’ consensus estimate of $5.47 per share.

The company’s quarterly revenues amounted to $11.402 bln (+33.7% y/y), solidly beating analysts’ consensus estimate of $11.142 bln.

DE rose to $415.25 (+3.05%) in pre-market trading.