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We help our customers push the boundaries of what’s possible in ways that are more productive and sustainable to help life leap forward.
Our technology-enabled products including John Deere Autonomous 8R Tractor, See & Spray™, and E-Power Backhoe are just some of the ways we help meet the world’s increasing need for food, shelter, and infrastructure.
We don’t just run for some. We Run for All."
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string(165) "John Deere has reported a net income of $1.751bn for the first quarter of its financial year 2024, a 11% decline on the same period during 2023, Gary Abbott reports."
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9f1ab-us-deere-company
Deere & Company
Location
Illinois
Founded
1837-02-28
Website
https://www.deere.com
Articles
3108 Articles
Category
Farm Machinery and Equipment
Lawn and Garden Tractors and Home Lawn and Garden Equipment
Construction Machinery and Equipment
Description
Founded in 1837, John Deere is a world leader in providing advanced products, technology, and services for customers whose work is revolutionizing agriculture and construction.
We help our customers push the boundaries of what’s possible in ways that are more productive and sustainable to help life leap forward.
Our technology-enabled products including John Deere Autonomous 8R Tractor, See & Spray™, and E-Power Backhoe are just some of the ways we help meet the world’s increasing need for food, shelter, and infrastructure.
We don’t just run for some. We Run for All.
John Deere has reported a net income of $1.751bn for the first quarter of its financial year 2024, a 11% decline on the same period during 2023, Gary Abbott reports.
The company reported equipment revenue of $10.9 billion and earnings of $6.23 per share compared to the consensus estimates of $10.4 billion and $5.21, respectively.
Deere & Company (NYSE: DE) reported first quarter 2024 earnings results today. Worldwide net sales and revenues decreased 4% to $12.18 billion compared to the same period last year. Net income was $1.75 billion, or $6.23 per share, compared to $1.95 billion, or $6.55 per share, last year.
John Deere was in first place in sales on the market for tractors over 150 HP, ending the calendar year with an impressive result of 31.1% on the entire market. The sales results of the brand's machines once again confirmed that John Deere enjoys the trust of farmers.
The American John Deere expects to sell significantly fewer tractors and agricultural machines next year. In Europe approximately 10 percent less. This forecast from last week results in a decline in the share price of 4.3 percent.
Deere, the world's largest agricultural machinery manufacturer, published its fourth-quarter results, and investors were happy with the results, but not with the forecast.
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