Deere & Company (DE)
Deere (DE) Q2 Earnings & Sales Top Estimates, '24 View Dips
Deere (DE) expects net income for fiscal 2024 to be $7 billion, down from the prior stated $7.50-$7.75 billion.
Compared to Estimates, Deere (DE) Q2 Earnings: A Look at Key Metrics
The headline numbers for Deere (DE) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Deere (DE) Q2 Earnings and Revenues Top Estimates
Deere (DE) came out with quarterly earnings of $8.53 per share, beating the Zacks Consensus Estimate of $7.86 per share. This compares to earnings of $9.65 per share a year ago.
Why Deere Stock Is Caught in the Headlights Today
Deere beat Wall Street expectations for the quarter, but lowered its full-year profit guidance. The company is facing higher production costs and weak demand from farm customers.
Deere Cuts Outlook Again as Farm Equipment Demand Drops
Shares of Deere & Co. (DE) fell in intraday trading Thursday as the manufacturer of big farm and construction equipment cut its profit forecast for a second consecutive quarter on limited demand for its machines.
