In the latest trading session, Deere (DE) closed at $400.96, marking a +1.26% move from the previous day.
Agriculture and construction machinery maker CNH Industrial reported slightly better-than-expected first-quarter earnings on Thursday morning. Thursday morning, CNH reported first-quarter adjusted earnings per share of 33 cents from sales of $4.8 billion. “The CNH team navigated a declining market environment in the first quarter, as lower industry demand persisted especially in South America and Europe,” said CEO Scott Wine in a news release.
Deere (DE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.