Deere's earnings tumble but still blow past estimates as company offers soft guidance on weak demand
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Deere & Co. reported strong earnings for its fiscal fourth quarter, surpassing estimates despite providing soft guidance for fiscal 2025 due to weak demand. The stock rose 0.6% in early trading.
November 21, 2024 | 12:00 pm
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Deere & Co. exceeded earnings expectations for Q4, but provided soft guidance for fiscal 2025 due to weak demand. Despite this, the stock rose 0.6% in early trading.
Deere's strong Q4 earnings performance outweighed concerns about future demand, leading to a positive stock reaction. The market likely views the earnings beat as a sign of current operational strength, despite the cautious outlook.
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