Deere (DE) Q1 Earnings Top Estimates, FY24 Guidance Lowered

Deere & Company (DE) has reported first-quarter fiscal 2024 (ended Jan 28, 2024) earnings of $6.23 per share, beating the Zacks Consensus Estimate of $5.19. The bottom line fell 5 % from the prior-year quarter on lower shipment volumes.Net sales of equipment operations (comprising Agriculture and Turf, Construction, and Forestry) were $10.5 billion, down 7 % from the prior-year quarter. Revenues beat the Zacks Consensus Estimate of $10.4 billion. Total net sales (including financial services and others) wer ...