Deere & Company (NYSE: DE )
delivered an acceptable set of third quarter results, but its guidance
was disappointing and, on balance, the earnings report was a net
negative. In common with many of its peers, Deere is seeing an ongoing
divergence in prospects between its agricultural and construction based
operations. The former is suffering due to falling agricultural prices,
while the latter is gaining traction with an improving construction
outlook.
Unfortunately, Deere's revenue and profit is heavily skewed toward the agricultural sector. For example, more than 81% of its equipment sales came from its agricultural and turf segment, with the remaining 19% coming from its construction and forestry segment. It's time to look more closely.
Deere's third quarter results
A quick summary of the key numbers in the earnings report:
READ THE FULL ARTICLE HERE
Unfortunately, Deere's revenue and profit is heavily skewed toward the agricultural sector. For example, more than 81% of its equipment sales came from its agricultural and turf segment, with the remaining 19% coming from its construction and forestry segment. It's time to look more closely.
Source: Motley Fool Flickr Account
Deere's third quarter results
A quick summary of the key numbers in the earnings report:
READ THE FULL ARTICLE HERE
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