Deere Q4 Earnings Top Estimates, Sales Fall Y/Y on Low Volumes
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Deere's Q4 earnings exceeded estimates despite a year-over-year decline in sales due to lower shipment volumes across all segments, attributed to weak demand.
November 21, 2024 | 7:45 pm
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Deere's Q4 earnings surpassed expectations, but the company experienced a year-over-year decline in sales due to reduced shipment volumes caused by weak demand.
While Deere's earnings exceeded expectations, the decline in sales due to lower shipment volumes and weak demand could offset positive sentiment. This mixed result may lead to a neutral short-term impact on DE's stock price.
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