Deere Sees Lower 2025 Profit With Farmers Still Not Spending [Yahoo! Finance Canada]
Deere & Company (DE)
Last deere & company earnings: 2/21 06:45 am
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US:NYSE Investor Relations:
investor.deere.com/home/default.aspx
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Source: Yahoo! Finance Canada
(Bloomberg) -- Deere & Co., the world's top farm machinery maker, expects lower-than-expected profits next year with few signs that growers are ready to start buying more tractors. Most Read from Bloomberg The sector has been suffering as sales have dropped from peak levels of 2022, when Russia's invasion of Ukraine sent crop prices soaring and gave farmers more to spend on gear. Deere's net income for fiscal 2025 will be between $5 billion and $5.5 billion, the company said Thursday in its first outlook for the coming year. That's below analyst estimates for $5.83 billion compiled by Bloomberg, and down from $7.1 billion in the fiscal year just ended. “Amid significant market challenges this year, we proactively adjusted our business operations to better align with the current environment,” Chief Executive Officer John May said in a statement. While fourth-quarter earnings per-share were down 45% from a year earlier, they managed to top estimates. The company's shares rose
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DE
News
- Deere releases 4th quarter earnings report [Yahoo! Finance]Yahoo! Finance
- Deere (DE) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Deere Q4 Earnings Top Estimates, Sales Fall Y/Y on Low Volumes [Yahoo! Finance]Yahoo! Finance
- Deere: Sell It On Q4 Earnings Bounce, Buy It Back Later [Seeking Alpha]Seeking Alpha
- Deere (DE) Reports Q4 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
DE
Earnings
- 11/21/24 - Beat
DE
Sec Filings
- 11/21/24 - Form 8-K
- 11/4/24 - Form 4
- 11/4/24 - Form 3
- DE's page on the SEC website