5 Notable Earnings Reports You Don’t Want to Miss

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In this article, we discuss the 5 notable earnings reports you don’t want to miss. If you want to read our detailed analysis of these companies, go directly to the 10 Notable Earnings Reports You Don’t Want to Miss.

5. Deere & Company (NYSE: DE)

Number of Hedge Fund Holders: 52

Shares of Deere & Company (NYSE: DE) have been trading higher since the company announced impressive financial results for its fiscal third quarter. The agricultural and construction equipment maker reported earnings of $5.32 per share for the three months ended August 1, easily beating the consensus forecast of $4.58 per share. The company had reported earnings of $2.57 per share in the comparable period of 2020.

Revenue for the quarter jumped more than 29 percent to $11.53 billion, ahead of analysts’ average estimate of $10.30 billion. Deere & Company (NYSE: DE) also lifted the sales outlook for its fiscal year 2021.

The company now expects revenue in the range of $5.7 billion to $5.9 billion for its full fiscal year, up from its earlier forecast between $5.3 billion to $5.7 billion.

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Speaking on the results, CEO John C. May said:

“Our strong results, driven by essentially all product categories, are a testament to the exceptional efforts of our employees and dealers to keep our factories running and customers served while enduring significant supply-chain pressures. We also made strategic investments in the quarter aligned with our smart industrial strategy. They will further our efforts to help our customers achieve improved profitability, productivity, and sustainability through the effective use of technology.”

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