Deere (DE) – The construction equipment maker reported fiscal second-quarter earnings of $2.11 per share, compared to the consensus estimate of $1.62 a share. Revenue beat estimates as well. Deere said it expects global equipment sales to fall 30% to 40% this year as the Covid-19 pandemic weighs on demand.
Alibaba (BABA) – The China-based e-commerce giant beat estimates on both the top and bottom lines for its fiscal fourth quarter, and topped $1 trillion in gross merchandise volume for the first time in the just-concluded fiscal year. Alibaba benefited from an increase in online shopping due to the coronavirus outbreak.