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

Deere Stock Drops On Revised FY25 Outlook, Even As Q3 Beats Street

Deere & Co. shares were losing around 8 percent in the pre-market activity on the NYSE, after the firm on Thursday trimmed the higher end of its fiscal 2025 profit outlook range after reporting weak results in its third quarter. The farm and construction equipment manufacturer noted that its customers remain cautious amid ongoing uncertainty. Meanwhile, quarterly earnings per share and top line be

RTTNews | 63 days ago

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 | 286 days ago

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 | 384 days ago

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 | 496 days ago

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 | 972 days ago

U.S. Homebuilder Confidence Improves Much More Than Expected In October

A report released by the National Association of Home Builders on Thursday showed homebuilder confidence in the U.S. has improved by much more than anticipated in the month of October. The report said the NAHB/Wells Fargo Housing Market Index jumped to 37 in October after holding steady at 32 in September. Economists had expected the index to inch up to 33.

RTTNews | 1h 48min ago

Philly Fed Index Plunges To Six-Month Low In October

The Federal Reserve Bank of Philadelphia released a report on Thursday showing a substantial pullback by its reading on regional manufacturing activity in the month of October. The Philly Fed said its diffusion index for current general activity plummeted to a negative 12.8 in October after spiking to a positive 23.2 in September, with a negative reading indicating contraction.

RTTNews | 2h 30min ago

Bay Street Looks Set To Extend Gains

Canadian stocks are likely to open higher on Thursday, tracking rising crude oil and bullion prices. Expectations of another rate cut by the Federal Reserve will also continue to aid sentiment.

RTTNews | 3h 11min ago

EURUSD	1.16691	GBPUSD	1.3426	AUDUSD	0.64925
USDJPY	150.772	USDCAD	1.40486	USDCHF	0.79583