Chicago | Reuters – Deere & Co on Nov. 21 gave a cautious profit forecast for fiscal 2019 after missing quarterly earnings estimates amid a U.S. trade battle with China that has depressed local farm commodity prices and hurt agriculture equipment demand. The world’s largest tractor manufacturer remained optimistic about prospects for the U.S. farm […] Read more
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Deere cautious on 2019 profit after recently missing fourth quarter estimate
The company is hoping replacement demand and good crops will increase sales in 2019
Deere plans price increases to offset rising costs
Chicago | Reuters — Shares of Deere and Co. soared Friday after the U.S. tractor maker revised up its full-year earnings estimate on stronger equipment demand and shared its plans to increase prices to offset increased costs. The company’s stock was up 6.4 per cent at $156.24 in early afternoon trading on the New York […] Read more
Deere upgrades 2018 outlook on improving equipment demand
Reuters — U.S. farm equipment maker Deere and Co. on Friday boosted its sales outlook for fiscal 2018, citing strengthening conditions in agricultural and construction markets, sending its shares higher. For the past four years, Deere has been battling weak demand for farm equipment as a global grain glut pushed down prices, sending U.S. farm […] Read more
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