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Earnings Whisper ®
3rd Quarter July 2023
Revenue: $14.27 Bil
6:45 AM ET
Friday, May 19, 2023
Deere Reports Second Quarter Net Income of $2.860 Billion
What do you expect when DE reports earnings?
Where is DE's stock price going from here?
Deere is the world's largest producer of agricultural equipment, manufacturing agricultural machinery under the iconic John Deere brand with its signature green and yellow color scheme. Deere is focused on revolutionizing agriculture with technology, in an effort to make farming automated, easier and more precise across the production process. Agriculture and turf operations has been divided into two new segments: The Production and Precision Agriculture segment is responsible for defining, developing and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. The Small Agriculture and Turf segment will deliver products to support mid-size and small growers and producers globally and turf customers. Deere also manufactures and distributes road building equipment through its wholly-owned subsidiaries of the Wirtgen Group.