The rapid advancements in artificial intelligence (AI) and automation have led to a surge in interest in robotics stocks. However, investors should be cautious about investing in this sector in 2024. Many robotics companies are facing significant challenges that could negatively impact their performance and lead to a strong bear case for selling these stocks. This has led to my list of robotics and automation stocks to sell.One major concern is the oversaturation of the market. As more companies enter the r ...

Despite exceeding top and bottom line expectations for its fiscal second quarter this morning, Deere & Company’s (DE)  stock dropped -5% in Thursday's trading session after lowering its fiscal 2024 net income guidance.Still, as a pioneer and the dominant market leader in manufactured agricultural equipment, investors may be wondering if it's time to buy the dip in Deere’s stock given its strong historical performance.Q2 Financial Review Deere’s Q2 net income came in at $2.37 billion or $8.53 per share which ...

Deere & Company (NYSE:DE) Q2 2024 Results Conference Call May 16, 2024 10:00 AM ET Company Participants Josh Beal - Director of IR Josh Jepsen - Chief Financial Officer Cory Reed - President, Worldwide Agriculture & Turf Division Josh Rohleder - Manager of Investor Communications Conference Call Participants Mig Dobre - Baird Kristen Owen - Oppenheimer Nicole DeBlase - Deutsche Bank Jairam Nathan - Daiwa Rob Wertheimer - Melius Jerry Revich - Goldman Sachs Operator Good morning, and welcome to Deere & Compa ...

Deere & Company (DE) shares fell 5.1% in the pre-market trading, as the company cut down its 2024 guidance.DE reported second-quarter fiscal 2024 (ended Apr 28) earnings of $8.53 per share, beating the Zacks Consensus Estimate of $7.86. The bottom line decreased 12% from the prior-year quarter on lower shipment volumes.Net sales of equipment operations (comprising Agriculture, and Turf, Construction and Forestry) were $13.61 billion, down 15.4% year over year. However, net sales topped the Zacks Consensus E ...

Deere (DE) reported $13.61 billion in revenue for the quarter ended April 2024, representing a year-over-year decline of 15.4%. EPS of $8.53 for the same period compares to $9.65 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $13.26 billion, representing a surprise of +2.66%. The company delivered an EPS surprise of +8.52%, with the consensus EPS estimate being $7.86.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Deere (DE) came out with quarterly earnings of $8.53 per share, beating the Zacks Consensus Estimate of $7.86 per share. This compares to earnings of $9.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.52%. A quarter ago, it was expected that this agricultural equipment manufacturer would post earnings of $5.19 per share when it actually produced earnings of $6.23, delivering a surprise of 20.04%.Over the last four quarter ...

The quarter was strong, but the outlook is uncertain.Agriculture equipment manufacturer Deere (DE -3.25%) reported better-than-expected quarterly results but trimmed its full-year forecast for the second time. Investors are focused on what is to come, sending Deere shares down 3% as of 11 a.m. Eastern.Strong quarter, uncertain outlookDeere earned $8.53 per share in its fiscal second quarter ending April 28 on revenue of $15.24 billion, easily surpassing Wall Street's $7.86 per share on sales of $13.3 billio ...

Key TakeawaysDeere & Co. cut its full-year profit forecast for a second straight quarter Thursday on reduced demand for new farm equipment.The company lowered its prediction for sales of big farm machinery this year.Deere beat earnings and revenue estimates in its fiscal second quarter. Shares of Deere & Co. (DE) fell in intraday trading Thursday as the manufacturer of big farm and construction equipment cut its profit forecast for a second consecutive quarter on limited demand for its machines. The company ...

Deere & Co (NYSE: DE) is trading down in premarket on Thursday even though it reported better-than-expected financial results for its second quarter. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Why is Deere stock down on Thursday?Copy link to sectionThe stock is being hit primarily because the agricultural equipment manufacturer trimmed its guidance for the future. $DE now forecasts its net income to print at about $7.0 billion.  Analysts, in comp ...

Worldwide net sales and revenues decreased 12 percent, to $15.235 billion, for the second quarter of 2024 and decreased 9 percent, to $27.420 billion, for six months. Net sales were $13.610 billion for the quarter and $24.097 billion for six months, compared with $16.079 billion and $27.481 billion last year."John Deere's second-quarter results were noteworthy in light of continued changes across the global agricultural sector," stated John C. May, chairman and chief executive officer. "Thanks to the dedica ...