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Deere&Co. net income sinks by 50% as group flags economic "challenges"

Thu, 13 Feb 2025 06:40:52 -0400

Investing.com - Deere&Co. has reported a 50% drop in net income in its fiscal first quarter as the agricultural equipment maker grapples with inventory issues and broader market uncertainty, sending shares in the group sharply lower in premarket U.S. trading on Thursday.

Moline, Illinois-based Deere (NYSE:DE) reported net income of $869 million in the three months ended on January 26, down from 1.75 billion in the corresponding period in 2024. Analysts had seen the figure at $848.7 million.

Net sales and revenues also sank by 30% to $8.51 billion, compared with projections of $7.67 billion.

In a statement, the company said the results reflected

Deere&Co. net income sinks by 50% as group flags economic "challenges"

Thu, 13 Feb 2025 06:40:52 -0400

Net sales and revenues also sank by 30% to $8.51 billion, compared with projections of $7.67 billion.

In a statement, the company said the results reflected

Deere&Co. net income sinks by 50% as group flags economic "challenges"

Thu, 13 Feb 2025 06:40:52 -0400

Net sales and revenues also sank by 30% to $8.51 billion, compared with projections of $7.67 billion.

In a statement, the company said the results reflected

Deere&Co. net income sinks by 50% as group flags economic "challenges"

Thu, 13 Feb 2025 06:40:52 -0400

Net sales and revenues also sank by 30% to $8.51 billion, compared with projections of $7.67 billion.

In a statement, the company said the results reflected

Oppenheimer upgrades CNH stock to outperform on EPS trough visibility

Tue, 28 Jan 2025 10:18:42 -0400

Investing.com -- Oppenheimer upgraded CNH Industrial (NYSE:CNH) to "Outperform" from "Perform" and set a $16 price target due to an improved visibility on earnings bottoming out in 2025 and potential catalysts for recovery.

“We believe CNH is approaching trough EPS in 2025,” analyst said.

“Coming out of 3Q earnings season, investor sentiment in the space has improved, and we see incremental catalysts in 2025 helping to support a reversion trade for CNH.”

The brokerage noted that while equipment fundamentals remain challenging, CNH’s 2025 guidance is de-risked following conservative outlooks from peers Deere&Co (NYSE:DE) and AGCO Corp.

Oppenheimer upgrades CNH stock to outperform on EPS trough visibility

Tue, 28 Jan 2025 10:18:42 -0400

The brokerage noted that while equipment fundamentals remain challenging, CNH’s 2025 guidance is de-risked following conservative outlooks from peers Deere&Co (NYSE:DE) and AGCO Corp.

Oppenheimer upgrades CNH stock to outperform on EPS trough visibility

Tue, 28 Jan 2025 10:18:42 -0400

The brokerage noted that while equipment fundamentals remain challenging, CNH’s 2025 guidance is de-risked following conservative outlooks from peers Deere&Co (NYSE:DE) and AGCO Corp.

Oppenheimer upgrades CNH stock to outperform on EPS trough visibility

Tue, 28 Jan 2025 10:18:42 -0400

The brokerage noted that while equipment fundamentals remain challenging, CNH’s 2025 guidance is de-risked following conservative outlooks from peers Deere&Co (NYSE:DE) and AGCO Corp.

Oppenheimer upgrades CNH stock to outperform on EPS trough visibility

Tue, 28 Jan 2025 10:18:42 -0400

The brokerage noted that while equipment fundamentals remain challenging, CNH’s 2025 guidance is de-risked following conservative outlooks from peers Deere&Co (NYSE:DE) and AGCO Corp.

Oppenheimer upgrades CNH stock to outperform on EPS trough visibility

Tue, 28 Jan 2025 10:18:42 -0400

The brokerage noted that while equipment fundamentals remain challenging, CNH’s 2025 guidance is de-risked following conservative outlooks from peers Deere&Co (NYSE:DE) and AGCO Corp.

CIBC Expands CDR Line-Up With 7 New CDR Tickers on Cboe Canada

Thu, 15 Feb 2024 08:00:00 -0400