Deere reports Q1 EPS $3.19, consensus $3.25

Reports Q1 revenue $8.51B, consensus $7.89B. “Deere’s (DE) performance in the first quarter highlights our continued focus on optimizing inventory levels of both new and used equipment amidst the uncertain market conditions our customers are facing,” said John May, chairman and chief executive officer. “We’re seeing compelling evidence that our efforts are positioning the company to successfully navigate the current environment.”