Deere (NYSE: DE) reported earnings on May 16. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 30 (Q2), Deere missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share improved significantly.

Margins grew across the board.

Revenue details
Deere reported revenue of $9.41 billion. The 11 analysts polled by S&P Capital IQ predicted sales of $9.66 billion on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $8.91 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $2.61. The 18 earnings estimates compiled by S&P Capital IQ predicted $2.54 per share. GAAP EPS of $2.61 for Q2 were 23% higher than the prior-year quarter's $2.12 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 31.7%, 240 basis points better than the prior-year quarter. Operating margin was 17.9%, 290 basis points better than the prior-year quarter. Net margin was 10.6%, 50 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $9.54 billion.

Next year's average estimate for revenue is $34.27 billion.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,695 members rating the stock outperform and 125 members rating it underperform. Among 624 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 600 give Deere a green thumbs-up, and 24 give it a red thumbs-down.

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