3:39 PM · 21 August 2020

Deere stock hit record high on strong earnings report

Deere (DE.US) posted quarterly earnings of $2.57 per share, well above analysts' expectations of $1.26 a share. Revenue also beat market expectations. The heavy equipment maker raised its full-year outlook, although "unsettled market conditions and related customer uncertainty are expected to have a moderating effect on key markets in the near term, we believe Deere is well-positioned to help make our customers more profitable and sustainable," said Chief Executive John May.

Deere (DE.US) - the share price jumped above the round level of $ 200 for the first time during today's session. Source:xStation5

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