Deere Reports Quarterly Earnings of $1.07 Per Share

Deere & Co. (DE) reported earnings of $1.07 per share for the quarter ended Oct. 31, compared with a loss of 53 cents per share a year ago. The earnings for the fourth quarter of fiscal 2009 included charges worth 76 cents per share related to the impairment of goodwill and voluntary employee separation, the world's largest maker of farm equipment said in a statement.

Deere Triples Analysts' Earnings Estimates

Deere shattered analysts' 19-cent per share first-quarter earnings estimate, earning 57 cents per share, largely through rigorous cost-containment and lower raw material costs. Deere also raised its revenue guidance for 2010.

Look to Deere for Farm Sector Insights

Agriculture bellwether Deere & Co. will give investors another clue about the economic recovery when it reports quarterly earnings results Wednesday. Deere's sales numbers, and its 2010 outlook for sales in emerging markets, will say much about the global economy's health.