For Investors Only -- Deere Beats By 28 Cents -- Wednesday -- February 12, 2014

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Huge: Deere beats by $0.28, beats on revs; guides Q2 revs below consensus; reaffirms FY14 EPS guidance, revs guidance: Reports Q1 (Jan) earnings of $1.81 per share, $0.28 better than the Capital IQ Consensus Estimate of $1.53; net sales of equipment operations rose 2.3% year/year to $6.95 bln vs the $6.76 bln consensus.

Ten companies announced increased dividends or distributions including Xilinx with a pretty healthy increase from 25 cents to 29 cents. Whiting USA Trust I reduced its distribution from ~59 cents to ~56 cents.

Owens Corning beats by $0.16, beats on revs; guides Fy14; iniates $0.16 quarterly dividend: Reports Q4 (Dec) earnings of $0.44 per share, $0.16 better than the Capital IQ Consensus Estimate of $0.28; revenues rose 10.3% year/year to $1.28 bln vs the $1.21 bln consensus.

MDU Resources to purchase Powder River Basin Production assets; expected to be accretive to 2014 earnings per share: Co announced that its indirect wholly owned subsidiary, Fidelity Exploration & Production Company, agreed to purchase working interests and leasehold positions in oil and natural gas production assets in the southern Powder River Basin of Wyoming from undisclosed private sellers. The purchase also includes working interests in a number of producing wells and an ongoing two rig development drilling program targeting the heart of the prolific Frontier play.