US2441991054 - Common Stock
DEERE & CO
NYSE:DE (11/21/2024, 8:22:13 PM)
After market: 437.54 0 (0%)437.54
+32.58 (+8.05%)
Deere & Co. engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. The company is headquartered in Moline, Illinois and currently employs 83,000 full-time employees. The firm defines, develops and delivers global equipment and technology solutions. Its segments include production and precision agriculture (PPA), small agriculture and turf (SAT), construction and forestry (CF), and financial services (FS). PPA segment provides solutions for production-scale growers of large grains, small grains, cotton and sugarcane. SAT segment provides solutions for dairy and livestock producers, high-value crop producers, and turf and utility customers. CF segment provides a range of machines and technology solutions organized along the earthmoving, forestry and roadbuilding production systems. FS segment finances sales and leases by John Deere dealers of new and used production and precision agriculture equipment, SAT equipment, and construction and forestry equipment. Its technology-enabled products include John Deere Autonomous 8R Tractor and E-Power Backhoe.
DEERE & CO
One John Deere Place
Moline ILLINOIS 61265
P: 13097658000
CEO: John C. May
Employees: 83000
Website: https://www.deere.com/
DE earnings call for the period ending September 30, 2024.
These S&P500 stocks are moving in today's session
Shares of agricultural and construction machinery company Deere (NYSE:DE) jumped 8.5% in the afternoon session after the company reported impressive third-quarter results that exceeded analysts' revenue and EPS estimates. Looking ahead, the company initiated fiscal 2025 guidance, calling for revenues down 10-15% year on year. While this may sound like a negative, it does show that end markets are not getting worse and may be reaching a trough. Zooming out, we think this was a good quarter with guidance showing that demand may be hitting a bottom in 2025 and poised for an uptick thereafter, especially if themes like reshoring and industrial automation become more real.
DE's Q4 results reflect the impacts of lower shipment volumes across all segments due to weak demand.
These S&P500 stocks have an unusual volume in today's session
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