Deere’s Fiscal 1Q18 Revenue Rises but Falls Short of Estimates
In fiscal 1Q18, Deere & Company (DE) reported total revenue of $6.9 billion inclusive of financial services and other revenue, implying a 23.0% rise over 1Q17, in which it reported revenue of $5.6 billion. Deere’s revenue growth was primarily driven by higher growth in the United States and Canada, which saw combined sales growth of 24%. The other major contribution came from the company’s acquisition of Wirtgen Group.