Deere shares are trading lower after the company reported Q1 earnings and lowered FY24 Net income guidance.
Portfolio Pulse from Benzinga Newsdesk
Deere & Company's stock (DE) is trading lower following the announcement of Q1 earnings and a reduction in the forecast for FY24 net income.
February 15, 2024 | 12:08 pm
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NEGATIVE IMPACT
Deere & Company's stock is experiencing a downturn after the company reported its Q1 earnings and revised its FY24 net income guidance downwards.
The reduction in Deere & Company's FY24 net income guidance is a significant indicator of potential challenges the company foresees, leading to negative investor sentiment and a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100