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Shivansh Tiwary


Stories by Shivansh Tiwary

(John Deere photo)
Machinery

Deere forecasts weak annual profit as farm incomes sag

By Reuters, Shivansh Tiwary, Utkarsh Shetti November 21, 2024
Deere & Co forecasted lower-than-expected 2025 profit on Thursday, as slumping farm incomes and inflationary pressures affect demand for the company's tractors and other agricultural equipment.

Photo: John Deere
News

Deere beats profit targets as strong pricing, cost cuts counter slow demand

By Reuters, Shivansh Tiwary August 15, 2024
Deere & Co beat analysts' expectations for third-quarter profit on Thursday, as stronger pricing and cost control measures protected its margins from sluggish demand for its farm equipment.


Photo: John Deere
Machinery

Deere cuts 2024 profit view as borrowing costs hurt demand

Executives expressed caution about margin performance amid weakening farm economy

By Bianca Flowers, Reuters, Shivansh Tiwary February 15, 2024
Deere & Co cut its 2024 profit forecast on Thursday as farmers remained hesitant about big-ticket equipment purchases due to high borrowing rates and falling crop prices, even as its first-quarter sales and profit topped Wall Street estimates.

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