Deere & Company (NYSE: DE), a leading manufacturer of agricultural and construction equipment, reported a sharp fall in revenue and profit for the third quarter of 2024.
Total net sales and revenues decreased 17% year-over-year to $13.2 billion in the July quarter, with revenue declining in all operating segments except Financial Services.
Net income was $1.73 billion or $6.29 per share in the third quarter, compared to $2.98 billion or $10.20 per share in the comparable quarter a year earlier. For fiscal year 2024, net income attributable to Deere & Company is projected to be approx. $7 billion.
“John Deere’s third-quarter results showcase our disciplined execution in the face of challenging conditions in the global agricultural and construction sectors,” said CEO John May.
The post Infographic: Highlights of Deere & Company’s (DE) Q3 2024 earnings report first appeared on AlphaStreet.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]
