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Deere & Co. Initiates FY24 Net Income Outlook As Q4 Results Top Estimates

RTTNews | 398 days ago

Deere & Co. Initiates FY24 Net Income Outlook As Q4 Results Top Estimates

(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Deere & Co. (DE) initiated its guidance for net income attributable to the company for the full-year 2024 in a range of $7.75 billion to $8.25 billion.

For the fourth quarter, the company reported net income attributable to Deere of $2.37 billion or $8.26 per share, higher than $2.25 million, or $7.44 per share in the prior-year quarter.

Worldwide net sales and revenues edged down 1 percent to $15.41 billion from $15.54 billion in the same quarter last year. Net sales were $13.80 billion, down from $14.35 billion a year ago.

On average, 20 analysts polled by Thomson Reuters expected the company to report earnings of $6.85 per share on revenues of $12.45 billion for the quarter. Analysts' estimates typically exclude special items.

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John Deere Recalls 165K Compact Utility Tractors

John Deere Recalls 165K Compact Utility Tractors

Moline, Illinois-based Deere & Co. is recalling about 147,900 units of Compact Utility Tractors citing risk of crash, according to the U.S. Consumer Product Safety Commission. In addition, about 16,800 units were sold in Canada. The recall involves John Deere 1023E, 1025R, and 2025R Compact Utility Tractors in green and yellow, and were sold with both opened and closed operator stations.

RTTNews | 88 days ago

CPSC Recalls: Kawasaki Engines, Ascenders, Biometric Gun Safes, Pet Conditioner, Sling Carriers

CPSC Recalls: Kawasaki Engines, Ascenders, Biometric Gun Safes, Pet Conditioner, Sling Carriers

The U.S. Consumer Product Safety Commission or CPSC has announced recalls including Kawasaki Engines in select lawn and garden equipments, Ropeman 1 Ascenders, Biometric gun safes, pet conditioner, and sling carriers, citing various reasons. In most of the recalls, consumers are urged to immediately stop using the recalled product, and contact the respective firm for either a free repair...

RTTNews | 200 days ago

Deere & Co. Boosts FY23 Net Income Outlook As Q1 Results Top Estimates

Deere & Co. Boosts FY23 Net Income Outlook As Q1 Results Top Estimates

While reporting financial results for the second quarter on Friday, Deere & Co. (DE) raised its guidance for net income attributable to the company for the full-year 2022 to a range of $8.75 billion to $9.25 billion from the prior forecast range of $8.0 billion to $8.5 billion.

RTTNews | 676 days ago

Indian Rupee Hits Record Low Against U.S. Dollar

Indian Rupee Hits Record Low Against U.S. Dollar

The Indian rupee weakened against the U.S. dollar in the European session on Tuesday.

RTTNews | 5h 34min ago

Sensex, Nifty Reverse Course To End Lower

Sensex, Nifty Reverse Course To End Lower

Indian shares fluctuated before ending on a flat note Tuesday ahead of the Christmas holiday.

RTTNews | 6h 35min ago

European Shares Edge Higher Ahead Of Christmas Break

European Shares Edge Higher Ahead Of Christmas Break

European stocks edged higher in cautious trade on Tuesday ahead of Christmas break. The German DAX is not trading today while the FTSE 100 and CAC 40 will close early for Christmas Eve.

RTTNews | 8h 1min ago

FTSE 100 Edges Higher In Thin Holiday Trade

FTSE 100 Edges Higher In Thin Holiday Trade

U.K. stocks were moving higher on Tuesday in thin-shortened trading session for Christmas Eve.

RTTNews | 8h 11min ago

CAC 40 Edges Higher In Thin Pre-Christmas Trade

CAC 40 Edges Higher In Thin Pre-Christmas Trade

French stocks were modestly higher on Tuesday in thin shortened pre-Christmas trade. Most European markets will remain shut on Wednesday and Thursday for the Christmas holiday.

RTTNews | 8h 22min ago

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