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