Deere: quarterly net profit almost halved
(CercleFinance.com) - John Deere reports a 47% drop in net income to $1.
24bn for Q4 2023-24 (ended October), i.e. EPS of $4.55, on revenues that are down 28% to just over $11.1bn. NB: pmt +1.3%.
In a challenging market environment this year, we have proactively adjusted our businesses to better adapt to the current environment, the agricultural and construction machinery manufacturer says.
Posting FY 2023-24 net profit that is down 30% to $7.1bn, pretty much in line with a target of "around $7bn", Deere says it expects $5bn to $5.5bn for FY 2024-25.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
24bn for Q4 2023-24 (ended October), i.e. EPS of $4.55, on revenues that are down 28% to just over $11.1bn. NB: pmt +1.3%.
In a challenging market environment this year, we have proactively adjusted our businesses to better adapt to the current environment, the agricultural and construction machinery manufacturer says.
Posting FY 2023-24 net profit that is down 30% to $7.1bn, pretty much in line with a target of "around $7bn", Deere says it expects $5bn to $5.5bn for FY 2024-25.
Copyright (c) 2024 CercleFinance.com. All rights reserved.