Deere FY23 Production & Precision Ag Revenue Outlook Growth Up ~20%
Portfolio Pulse from Benzinga Newsdesk
Deere & Company forecasts a 20% growth in production and precision agriculture revenue for FY23. The outlook for large agriculture in the US and Canada is up by 10%, while small agriculture and turf are down by 5%. Europe is expected to be flat to up 5%, South America remains flat, and Asia is expected to be down moderately.
May 19, 2023 | 10:17 am
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Deere & Company expects a 20% growth in production and precision agriculture revenue for FY23, with varying outlooks for different regions.
The 20% growth in production and precision agriculture revenue for FY23 is a positive indicator for Deere & Company. The mixed regional outlooks show potential for growth in some areas, while others may face challenges. Overall, this news is likely to have a positive impact on Deere's stock price in the short term.
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