US EditionDeere: Fiscal Q2 Earnings Snapshot
- Deere & Co. Reported fiscal second-quarter earnings on Thursday with net income of $6.64 per share and revenue of $12.76 billion, exceeding expectations.
- The strong earnings followed a period of declining sales and workforce reductions starting in October 2023 as Deere responded to market challenges.
- The company plans significant investments in the U.S. Market focused on innovation, cost competitiveness, and fulfilling customer demands despite near-term pressures.
- John May, chairman and CEO, stated, "Our customers remain our top priority" and expressed pride in the team's performance amid difficult dynamics.
- These results suggest Deere is navigating current challenges while positioning for future growth through ongoing innovation and commitment to customers.
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Deere's Resilience Shines Through Tariffs, Analysts Raise Price Forecasts - Deere (NYSE:DE)
Deere & Company (NYSE: DE) saw an increase in price forecast after reporting second quarter results, with strong net sales and revenue despite tariffs. Latest Ratings for DE DateFirmActionFromTo Mar 2022Wells FargoInitiates Coverage OnOverweight Feb 2022OppenheimerMaintainsOutperform Feb 2022JP MorganMaintainsUnderweight View More Analyst Ratings for DE View the Latest Analyst Ratings
·New York, United States
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The Quad-City Times+3 Reposted by 3 other sources
Deere sales down 16% in Q2, down 22% in last 6 months
Despite the challenges, Deere remains "confident" in the future. Here's a look at the company's second quarter report.
·Cherokee County, United States
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Leaning Left5Leaning Right1Center12Last UpdatedBias Distribution67% Center
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C 67%
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