Shares of Deere & Company (DE), a maker of agricultural, construction, and forestry equipment, are falling more than 6% Wednesday morning after the company provided disappointing full-year earnings outlook.
The company said it expects full-year 2024 earnings to be in the range of $7.75 billion to $8.25 billion, as volumes return to mid-cycle levels. This compares with 2023 earnings of $10.166 billion.
DE, currently at $359.11, has traded in the range of $345.55 – $450.00 in the last 52 weeks.
Source: Read Full Article
Lates News:
-
Cryptos Muted Ahead Of Key Economic Data Updates
-
Johnson & Johnson Rises On Upbeat Quarterly Results, Outlook
-
Bitcoin At Risk Of 50% Drop Before Next Halving If Historical Trend Repeats, Warns Influential Crypto Guru
-
Markets Muted Amidst Weak PMI Readings
-
$291 Billion Asset Manager Predicts Bitcoin's Rise To $150,000 Post-Halving