MOLINE (dpa-AFX) - Deere And Co (DE) reported earnings for second quarter that dropped from the same period last year.
The company's earnings totaled $1.13 billion, or $3.52 per share. This compares with $1.21 billion, or $3.67 per share, in last year's second quarter.
Excluding items, Deere And Co reported adjusted earnings of $1.14 billion or $3.52 per share for the period.
Analysts had expected the company to earn $3.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 5.8% to $11.34 billion from $10.72 billion last year.
Deere And Co earnings at a glance:
-Earnings (Q2): $1.14 Bln. vs. $1.03 Bln. last year. -EPS (Q2): $3.52 vs. $3.14 last year. -Analysts Estimate: $3.61 -Revenue (Q2): $11.34 Bln vs. $10.72 Bln last year.
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