Deere Q3 Earnings: Profit Beats Expectations Despite Sales Drop, Reaffirms Annual Net Income Outlook
Portfolio Pulse from Akanksha Bakshi
Deere & Co (NYSE:DE) reported Q3 earnings that beat expectations despite a 17% decline in net sales and revenue. The company reaffirmed its 2024 net income outlook. DE shares traded higher by 1.15% premarket.
August 15, 2024 | 12:23 pm
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Deere & Co reported Q3 earnings that beat expectations despite a 17% decline in net sales and revenue. The company reaffirmed its 2024 net income outlook, and DE shares traded higher by 1.15% premarket.
Despite a significant decline in net sales and revenue, Deere & Co's Q3 earnings beat expectations, and the company reaffirmed its 2024 net income outlook. This positive earnings surprise and reaffirmation of future guidance have led to a short-term increase in DE's stock price.
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