Alcoa Inc. (NYSE: AA) and JPMorgan Chase & Co. (NYSE: JPM) aiming higher, as Deere & Company (NYSE: DE) falling

Deere & Company (NYSE: DE) quarterly reporting surpassed analysts' forecasts

In brief: Alcoa Inc. (NYSE: AA) and JPMorgan Chase & Co. (NYSE: JPM) are in the green zone. Deere & Company (NYSE: DE) shares lost in value despite good profits.

JPMorgan Chase & Co. (NYSE: JPM) shares continue to climb towards 38.10 points, gaining +0.62 (1.65%). Alcoa Inc. (NYSE: AA) shares remain in the green zone at 11.04 points, gaining +0.09 (0.82%).

Deere & Company (NYSE: DE) shares fell to 65.85 points, losing -1.38 (-2.05%). The world’s largest manufacturer of agricultural equipment reports that earnings for the third fiscal quarter rose to $ 420 million (99 cents a share) the previous year to $ 617 million ($ 1.44 per share). The sales for the period under review increased by 16% to $ 6.84 billion. Analysts expected a median profit of $ 1.24 per share and the revenue of $ 6.52 billion. Such favorable indicators owe to an increase in demand for tractors and harvesters.

Ukrainian Globalist
2010-08-18 17:51, Economics.

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