Diamonds and Dogs
John Deere (DE) flying high. The green machine industrial giant is up 3% to new highs thanks to better than expected earnings. The company easily beat estimates as revenues rose 25.6% year over year to $7.09 billion. Agriculture and turf sales increased 22% to $5.44 billion, beating estimates. Construction and forestry division saw sales grow 37% to $1.66 billion topped expectations of $1.58 billion. The company expects first-quarter equipment sales to grow 38% from a year ago and for 2018 to increased 22%. The company is seeing strong demand for farm machinery sales in South America.
See ya Meg Whitman. HP Inc. (HPQ) is down 6% following better than earnings as their CEO, Meg Whitman will step down. The PC and printer maker reported earnings of 44 cents a share as revenue, rose 11% annually to $13.9 billion. Whitman, one the most high-profile executives in the United States, said on Tuesday she would quit as CEO in February and hand over the reins to company veteran Antonio Neri.