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

RTTNews | vor 545 Tagen
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

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
RTTNews | vor 137 Tagen
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 | vor 235 Tagen
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 | vor 347 Tagen
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 | vor 823 Tagen
China Cuts Loan Prime Rates For First Time In 7 Months

China Cuts Loan Prime Rates For First Time In 7 Months

The People's Bank of China reduced its benchmark interest rate for the first time in seven months to stimulate consumption and support the property market amid soothing trade tensions. The central bank lowered its one-year loan prime rate by 10 basis points to 3.0 percent from 3.10 percent.
RTTNews | vor 42 Minuten
European Shares Likely To Open On Firm Note

European Shares Likely To Open On Firm Note

European stocks may open on a positive note Tuesday as trade tensions continue to ease, and China's central bank cut interest rates to record lows to stimulate the world's second-largest economy challenged by weak consumer demand and a property crisis.
RTTNews | vor 1Std 44 Minuten
R&M Refresher Instant Milk Tea Powder Recalled

R&M Refresher Instant Milk Tea Powder Recalled

Lakewood, Washington-based R&M Trading LLC is recalling R&M Refresher brand Instant Milk Tea powder products of various flavors as they may contain undeclared milk, a known allergen, the U.S. Food and Drug Administration said. The Instant Milk Tea products are recalled because the ingredients statement declares Whey and Caseinate in Non-Dairy Creamer ingredients, but it does not specify milk.
RTTNews | vor 1Std 53 Minuten