Deere & Co. Boosts FY23 Net Income Outlook As Q1 Results Top Estimates

RTTNews | 971 gün önce
Deere & Co. Boosts FY23 Net Income Outlook As Q1 Results Top Estimates

(RTTNews) - 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.

For the first quarter, the company reported net income attributable to Deere of $1.96 billion or $6.55 per share, sharply higher than $903 million, or $2.92 per share in the prior-year quarter.

Worldwide net sales and revenues increased 32 percent to $12.65 billion from $9.57 billion in the same quarter last year. Net sales were $11.40 billion, up from $8.53 billion a year ago.

On average, 18 analysts polled by Thomson Reuters expected the company to report earnings of $5.56 per share on revenues of $11.28 billion for the quarter. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Etiketler: DE
read more
Deere Stock Drops On Revised FY25 Outlook, Even As Q3 Beats Street

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 | 61 gün önce
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 | 285 gün önce
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 | 383 gün önce
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 | 495 gün önce
European Shares Mostly Higher As LVMH Returns To Growth

European Shares Mostly Higher As LVMH Returns To Growth

European stocks were mostly higher on Wednesday, with French markets outperforming their regional peers, after LVMH, the owner of Louis Vuitton and Christian Dior, unexpectedly returned to sales growth in the third quarter.
RTTNews | 17 dakika önce
Asian Shares Bounce Back On Fed Rate Cut Hopes

Asian Shares Bounce Back On Fed Rate Cut Hopes

Asian stocks rose broadly on Wednesday, snapping three days of losses as optimism that the U.S Federal Reserve may go for further interest-rate cuts outweighed renewed U.S.-China trade tensions.
RTTNews | 50 dakika önce