Shares of Deere & Co. DE dove to the lowest levels seen in months Wednesday, after the maker of agricultural, construction and turf equipment provided a downbeat full-year earnings outlook, with its business segments expected to see sales fall more than the industry.
For fiscal 2024, the company expects net income of $7.75 billion to $8.25 billion, below the current FactSet consensus of $9.31 billion, “as volumes return to mid-cycle levels.”
That…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Already a subscriber?
Log In
This post was originally published on Market Watch
