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

RTTNews | 398 dagar sedan
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 dagar sedan
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 dagar sedan
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 dagar sedan
Japan Leading Index Data Due On Wednesday

Japan Leading Index Data Due On Wednesday

Japan will on Wednesday see October results for its leading and coincident indexes, highlighting a light day for Asia-Pacific economic activity.
RTTNews | 6h 49minuter sedan
TSX Ends Shortened Session On Firm Note

TSX Ends Shortened Session On Firm Note

The Canadian market ended the shortened trading session on Tuesday modestly higher thanks to gains in energy and technology sectors. The volume of business remained rather thin as investors refrained from making significant moves ahead of Christmas and Boxing Day holidays.
RTTNews | 11h 7minuter sedan
Pound Climbs Against Majors

Pound Climbs Against Majors

The pound rose against its major counterparts in the New York session on Tuesday.
RTTNews | 13h 29minuter sedan