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These Analysts Boost Their Forecasts On Deere Following Upbeat Earnings
DEJohn Deere(DE) Benzinga·2024-08-16 13:13

Deere & Co DE reported better-than-expected third-quarter results and reaffirmed its net income 2024 outlook on Thursday.The company's net sales and revenue declined 17% year-over-year to 13.152billion,beatingtheconsensusof13.152 billion, beating the consensus of 10.944 billion. Deere clocked an EPS of 6.29,downfrom6.29, down from 10.20 YoY, beating the consensus of 5.85.Duringthequarter,thecompanyinitiatedinvoluntaryemployee−separationprogramsacrossseveralregions,aimingtostreamlineoperations.Theprogramsincurred5.85.During the quarter, the company initiated involuntary employee-separation programs across several regions, aiming to streamline operations. The programs incurred 124 million in pre ...