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

RTTNews | 545 days ago
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
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Deere & Co. Boosts FY23 Net Income Outlook As Q1 Results Top Estimates

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