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Deere & Co. saw its stock rise following strong earnings, with the company recently making headlines for shunning its woke policies.
Deere (DE) expects net income for fiscal 2024 to be $7 billion, which implies a year-over-year decline of 31%, anticipating weak demand in its end markets.
The headline numbers for Deere (DE) give insight into how the company performed in the quarter ended July 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Titan Machinery stock sank early Thursday after reporting preliminary Q2 earnings and cutting its 2025 profit view.
Deere & Company (DE) reported third-quarter earnings that beat expectations, despite a year-over-year decline as the company faced "significant headwinds" in the agriculture and construction industries.
Deere is finally cooling off after a meteoric expansion period. Cyclicality is simply par for the course when it comes to investing in Deere.
Deere & Company (DE) reported third-quarter earnings that beat expectations, despite a year-over-year decline as the company faced "significant headwinds" in the agriculture and construction industries.
Deere (DE) came out with quarterly earnings of $6.29 per share, beating the Zacks Consensus Estimate of $5.80 per share. This compares to earnings of $10.20 per share a year ago.
Strong ag margins highlight continued value delivery amid market fluctuations. Global ag fundamentals are expected to remain weak as construction moderates.
Deere & Co.'s stock DE, +0.20% rose 3.8% early Thursday, after the agricultural and construction machinery maker swept past earnings estimates for its fiscal third quarter. Deere had net income of $1.734 billion, or $6.29 a share, for the quarter through July 28, down from $2.978 billion, or $10.20 a share, in the year-earlier period.