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

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

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