Deere forecasts annual profit below estimates on slumping demand for farm equipment-February 2024-www.financetom.com

Deere forecasts annual profit below estimates on slumping demand for farm equipment

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Deere forecasts annual profit below estimates on slumping demand for farm equipment

Nov 21, 2024 3:25 AM

Nov 21 (Reuters) - Deere & Co ( DE ) forecast 2025

profits below Street expectations on Thursday, as plummeting

farm incomes and inflationary pressures dent demand for the

company's tractors and other farm equipment.

The world's largest farm-equipment maker expects profit for

fiscal year 2025 in the range of $5 billion to $5.5 billion,

compared with analysts' average estimate of $5.93 billion,

according to data compiled by LSEG.

Previous page： This sustainable jewellery brand is luring some women away from gold Next page： Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

This sustainable jewellery brand is luring some women away from gold

Oct 30, 2023

Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.

Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN

Nov 28, 2023

The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.

Suzlon's S144–3 MW wind turbines get big boost from Indian government

Nov 15, 2023

Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.

SJVN secures 200-MW wind power project at ₹3.24 per unit

Nov 16, 2023

Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.