Deere Breaks Out From Channel Amid Farming Turnaround
Deere & Company (OF) shares rose 7% during Friday’s session after the company reported better-than-expected first quarter financial results and maintaining its fiscal year 2020 outlook. Revenue fell 5.9% to $6.53 billion, beating consensus estimates by $360 million, and GAAP earnings per share came in at $1.63, beating consensus estimates by 37 cents. While the…