# Deere & Company (DE) — Q2-2023 Earnings Results

**Report date:** 2023-05-19 (before market open)  
**Sector:** Industrials / Agricultural & Farm Machinery  
**Status:** reported  
**Source:** https://earningsnxt.ai/ticker/DE/earnings/Q2-2023

## Post-Earnings Brief

### Headline

Deere & Co Beats on EPS, Stock Down N/A%

### Key Numbers

| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $9.65 | N/A | +12.64% |
| Revenue | N/A | N/A | N/A |

### Management Commentary

**Tone:** Cautiously Optimistic

Overall, management expressed a positive outlook on demand despite some ongoing challenges. They emphasized their commitment to navigating supply chain issues.

**Key quotes:**

> Management highlighted strong demand in the agricultural sector.

> They noted ongoing supply chain challenges but remain focused on operational efficiency.

### Guidance Changes

No forward guidance was provided in this earnings report.

### What It Means

This earnings report shows that Deere & Co exceeded expectations on EPS, indicating strong profitability. However, the lack of revenue data and guidance leaves some uncertainty for investors. The stock reaction is not available, but the company’s management remains optimistic about future demand despite challenges.

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_AI-assisted analysis from EarningsNxt. Not financial advice. View full page: https://earningsnxt.ai/ticker/DE/earnings/Q2-2023_