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U.S. stocks traded higher toward the end of trading, with the Dow Jones index surging more than 100 points on Thursday.
Deere & Company (NYSE:DE ) Q1 2025 Earnings Conference Call February 13, 2025 10:00 AM ET Company Participants Josh Beal - Director, Investor Relations Josh Jepsen - Chief Financial Officer Josh Rohleder - Manager, Investor Communications Conference Call Participants Tim Thein - Raymond James Stephen Volkmann - Jefferies Jerry Revich - Goldman Sachs Rob Wertheimer - Melius Research Jamie Cook - Truist Securities Steven Fisher - UBS David Raso - Evercore ISI Kristen Owen - Oppenheimer Angel Castillo - Morgan Stanley Mircea Dobre - Baird Tami Zakaria - JPMorgan Operator Good morning. And welcome to Deere & Company First Quarter Earnings Conference Call.
DE's Q1 results reflect the impacts of lower shipment volumes and sales mix.
Agriculture equipment maker Deere & Co. (DE -1.45%) fell short of expectations in the most recent quarter and issued a subdued forecast for the quarter ahead.
Deere & Company (NYSE:DE, ETR:DCO) shares fell on Thursday after the farm machinery manufacturer reported significant year-over-year declines in sales and profits for the fiscal first quarter. Revenue for the three month period ending in January was $8.5 billion, down 30% from $10.5 billion in the year-ago quarter.
Shares of Deere & Company (DE) dropped Thursday morning after the company's sales for the first quarter of fiscal 2025 fell well short of what analysts had expected.
While the top- and bottom-line numbers for Deere (DE) give a sense of how the business performed in the quarter ended January 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Shares of Reddit Inc (NYSE:RDDT) and Deere & Co (NYSE:DE) are taking a hit after earnings, tumbling as investors react to their latest results.
Deere & Co. (DE 0.48%), renowned for its agricultural machinery, reported financial results for fiscal 2025's first quarter on Thursday, Feb. 13, that topped analysts' consensus expectations. Despite the analyst beats, the earnings release revealed a significant decline in key financial metrics compared to the previous year.