Deere (DE) Q2 Earnings & Sales Top Estimates, '24 View Dips

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 ...