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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 Mowers With Kawasaki Engines Recalled
Kawasaki Motors Corp. U.S.A. has recalled about 39,000 units of select John Deere mowers from Illinois-based Deere & Co. with Kawasaki enginess, citing fire and burn risks, the U.S. Consumer Product Safety Commission said. About 2,600 units sold in Canada were also impacted. The recall involves John Deere ZTrak Zero Turn Mowers with model numbers Z720E, Z730M, Z740R and Z760R with Kawasaki engines
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118 วันที่ผ่านมา
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.
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216 วันที่ผ่านมา
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...
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327 วันที่ผ่านมา
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.
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803 วันที่ผ่านมา
Australian Market Turns To Modest Gains In Mid-market
The Australian market is turning its early losses to modest gains in mid-market moves on Thursday, extending the gains in the previous five sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well above the 8,100 level, with gains in some technology stocks nearly offset by weakness in mining and energy stocks amid softer commodity prices.
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33 นาทีที่ผ่านมา
Asian Markets Mostly Higher In Holiday Trade
Asian stock markets are mostly higher on Thursday, following the mixed cues from Wall Street overnight, with most major markets in the region closed for Labor Day, including China. Traders booked some profits after the recent upside in markets and a report showing the U.S. economy unexpectedly shrank in the first three months of 2025 generated some optimism about the outlook for interest rates.
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1 ชม. 1 นาทีที่ผ่านมา
Japanese Market Slightly Higher
The Japanese market is trading slightly higher on Thursday, extending the gains in the previous five sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 36,100 level, with a mixed performance across most sectors as traders remain cautious ahead of the Bank of Japan's latest monetary policy decision.
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2 ชม. 27 นาทีที่ผ่านมา
Australian Market Slightly Lower
The Australian market is trading slightly lower on Thursday, snapping a five-session winning streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 8,100 level, with slight weakness across most sectors led by mining and energy stocks. Some gold stocks were gaining.
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3 ชม. 6 นาทีที่ผ่านมา
