Reported 4 days ago
Deere & Co. shares rose after the company projected 2025 profits between $5 billion and $5.5 billion, lower than analysts' expectations. The decline in farmer spending, especially after significant purchases in 2022, remains a challenge, compounded by a recent 14% drop in US agriculture tractor sales. Despite this, there are signs of optimism, such as reduced North American inventories, indicating potential recovery in the market.
Source: YAHOO