Deere & Co. (DE) reported stronger-than-anticipated third-quarter results, exceeding revenue and earnings estimates. Despite a year-over-year sales decline, the company maintained its 2024 net income outlook and outlined expectations for key business segments. Analysts responded positively to the results, adjusting their price targets for Deere stock.
Deere & Co. (DE) reported a decline in third-quarter sales due to weak market conditions in the agriculture and construction sectors. However, the company reaffirmed its 2024 net income outlook of $7 billion, citing cost reduction measures and strategic production adjustments. Despite the challenges, Deere’s financial performance exceeded analyst expectations.
