Deere Results Top Estimates Despite 'Ongoing Headwinds'
John Deere(DE) Investopedia·2024-11-22 00:06
KEY TAKEAWAYSDeere & Company reported fiscal 2024 fourth-quarter results that topped estimates, even as the maker of farm equipment warned of "ongoing headwinds" in the agriculture and construction industries.Deere's quarterly profit plunged 47% year-over-year, while revenue dropped 28%. The company expects fiscal 2025 net income of $5.0 billion to $5.5 billion, down from the $7.1 billion it generated in fiscal 2024. Deere & Company (DE) reported fiscal 2024 fourth-quarter results that topped estimates, eve ...