Deere & Firm (NYSE: DE), a number one producer of agricultural and building gear, reported a pointy fall in income and revenue for the third quarter of 2024.
Complete internet gross sales and revenues decreased 17% year-over-year to $13.2 billion within the July quarter, with income declining in all working segments besides Monetary Companies.
Internet revenue was $1.73 billion or $6.29 per share within the third quarter, in comparison with $2.98 billion or $10.20 per share within the comparable quarter a 12 months earlier. For fiscal 12 months 2024, internet revenue attributable to Deere & Firm is projected to be approx. $7 billion.
“John Deere’s third-quarter results showcase our disciplined execution in the face of challenging conditions in the global agricultural and construction sectors,” mentioned CEO John Might.
Prior Efficiency
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