Deere & Co

NYSE:DEUnited States

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• Equity Markets Fall Intraday After Fed Official's Comments, Macro Data, from 3 minutes ago by MT Newswires

  3 minutes ago by MT Newswires
  Companies Mentioned: WMT, DE
  02:32 PM EDT, 05/16/2024 (MT Newswires) -- US benchmark equity indexes were lower after midday Thursday following record closings in the previous session, as markets evaluated remarks by a Federal Reserve official and the latest macro data. The Nasd...

• DJ Deere & Co Is Maintained at Outperform by Oppenheimer, from 55 minutes ago by Dow Jones

  55 minutes ago by Dow Jones
  Companies Mentioned: DE
  
  Ratings actions from Benzinga: https://www.benzinga.com/quote/DE/analyst-ratings
  
  (END) Dow Jones Newswires
  
  May 16, 2024 13:41 ET (17:41 GMT)
  

• Deere Lowers Fiscal 2024 Net Income Outlook as Second-Quarter Results Decline, from 4 hours ago by MT Newswires

  4 hours ago by MT Newswires
  Companies Mentioned: DE
  10:20 AM EDT, 05/16/2024 (MT Newswires) -- Deere (DE) cut its full-year profit outlook on Thursday as lower shipment volumes dragged down the agriculture and construction equipment manufacturer's fiscal second-quarter results year-on-year. The comp...

• DJ Deere Once Again Over-Delivers But Offers Caution -- Market Talk, from 6 hours ago by Dow Jones

  6 hours ago by Dow Jones
  Companies Mentioned: DE
  
  0813 ET - For the second quarter in a row, Deere has over-delivered in the near-term but raised concerns about activity levels in the back half of the year, says Alex Prudhomme, an analyst at the data firm M Science. The farm and construction equipment maker cut its guidance, just as it did in 1Q, as margins come under pressure and sales decline, particularly in the small agriculture & turf segment, which the analyst previously flagged as facing ongoing deterioration in medium-term demand. The analyst expects investors will be looking in Deere's earnings call for commentary on the potential timing of a market bottom and Deere's inventory reduction efforts. (dean.seal@wsj.com)
  

• DJ Deere's Margins Slashed By Soft Volumes in F2Q -- Market Talk, from 6 hours ago by Dow Jones

  6 hours ago by Dow Jones
  Companies Mentioned: DE
  
  0810 ET - Deere beat earnings forecasts in F2Q, but its main business segments are seeing margins narrow as shipment volumes come down. The operating margin of its production & precision agriculture unit, Deere's largest by revenue, fell more than 2.5 percentage points to 25.1% as lower volumes and higher production costs were only partially offset by higher prices. Lower volumes in its small agriculture & turf segment also more than offset higher prices, trimming its margin to 17.9% from 20.5% in the year-ago quarter. The same dynamic impacted its construction & forestry unit, with higher overhead costs and research & development expenses further driving its operating margin down 3 percentage points to 17.4%. (dean.seal@wsj.com)