Deere Q4 Earnings Top Estimates, Sales Fall Y/Y on Low Volumes
John Deere(DE) ZACKS·2024-11-22 03:31
Deere & Company (DE) reported fourth-quarter fiscal 2024 (ended Oct. 27) earnings of $4.55 per share, beating the Zacks Consensus Estimate of earnings of $3.90. The bottom line decreased 45% from the prior-year quarter.The downside was mainly led by lower shipment volumes across all segments, reflecting weak demand. It was somewhat negated by the company’s pricing strategies and lower production expenses.Net sales of equipment operations (comprising Agriculture & Turf, Construction & Forestry) were $9.28 bi ...