News Summary

Shares of Deere & Company DE gained about 3.6% after the company reported its Q1 net earnings at $513.7 million, or $1.20 per share, compared with $243.2 million, or $0.57 per share, in the year-ago period. The company's quarterly sales increased 27% to $6.12 billion. However, analysts were expecting earnings of $0.97 per share on sales of $5.59 billion. Deere projected its Q2 revenue to rise by 25% y/y. It also projected its full-year net income of around $2.5 billion, versus analysts' estimates of $2.37 billion. Shares of Family Dollar Stores Inc FDO surged around 26% after Trian Fund Management's head Nelson Peltz offered $55 to $60 per share in cash to acquire FDO for $55 to $60 per share. The offer values FDO at $6.95 billion to $7.58 billion. Shares of Comcast Corp CMCSA gained about 3% after the firm lifted its dividend and reported 7% rise in its Q4 earnings. The company's profit came in at $1.02 billion, or $0.36 per share, versus $955 million, or $0.33 per share, in the year-earlier period. The company reported its adjusted earnings at $0.35 per share. The company's revenue increased to $9.7 billion from $9.1 billion. However, analysts were expecting earnings of $0.32 per share on revenue of $9.58 billion. Read more from Benzinga's Markets.