Higher sales: John Deere tractors are seen for sale at a dealer in Longmont, Colorado. Deere expects a 10% to 15% sales gain for its agricultural segment in fiscal 2021. — Reuters
INVESTORS looking to ride the industrial recovery could do a lot worse than a Deere tractor.
The maker of the iconic green-and-yellow plows and diggers reported fourth-quarter results on Wednesday, continuing a tradition of pre-Thanksgiving numbers. Even after a banner summer quarter and a significant jump in analysts’ earnings estimates, Deere & Co still managed to outperform in the three-month period ended Nov 1.
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