Deere & Company Reports Falling Sales, Earnings in Fiscal Q2
DEJohn Deere(DE) fool.com·2024-05-18 05:38

The farm equipment giant's weaker results reflect challenging macroeconomic conditions for the agriculture industry. Deere & Company (DE 0.66%), a leading manufacturer of agricultural, construction, and forestry machinery, released its fiscal 2024 second-quarter financial results on May 16. For the period, which ended April 28, net income fell 17% year over year to 2.4billion,whilerevenuedropped122.4 billion, while revenue dropped 12% to 15.2 billion. Despite these challenges, the company reiterated its commitment to its strategic initi ...