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What's Going On With Deere Stock Friday? - Deere (NYSE:DE)
Deere & Company cut its full-year profit forecast as net sales dropped 18% due to lower shipments, tariffs, and cautious demand, with net income down to $3.96 billion in nine months.
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What's Going On With Deere Stock Friday? - Deere (NYSE:DE)
On Thursday, Deere & Company (NYSE:DE) shares tumbled after the agricultural equipment giant posted mixed third-quarter results and trimmed its full-year profit forecast, highlighting persistent headwinds from declining sales, tariffs, and cautious customer demand. The heavy machinery maker reported earnings per share of $4.75, beating the consensus of $4.67. It reported a 9% decline in quarterly sales to $12.02 billion, beating the consensus of…
Deere & Co. sales fell 9% during third quarter
(Radio Iowa) – Deere and Company’s worldwide sales fell nine percent during the last three months. Josh Beal, director of Investor Relations for Deere, says an evolving global trade environment and ever-changing interest rate expectations are causing customers to be cautious about big-ticket purchases. Deere C-E-O John May says the company is able to manage its inventory to help production match retail demand. Nearly two-thousand Deere workers a…
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