NIKKEI 225
39,080.60 +293.22 (+0.76%) HANG SENG
19,666.19 +112.58 (+0.58%) CRUDE OIL
80.25 +0.19 (+0.24%) GOLD FUTURES
2,450.30 +32.90 (+1.36%) DOW
40,003.59 +134.19 (+0.34%) Bitcoin GBP
52,756.21 -64.39 (-0.12%)
Deere & Company (DE.SW)
- Yahoo Finance Video
Dow hits record-high, gas prices to rise: Catalysts
On today's episode of Catalysts, co-hosts Seana Smith and Madison Mills discuss the state of the consumer and stock market gains following Wednesday's Consumer Price Index (CPI) print. The Dow Jones Industrial Average (^DJI) surpassed the 40,000 mark for the first time, while the S&P 500 (^GSPC) topped the 5,300 level amid broad-based market gains. Despite the rally, UBS Investment Bank Chief Strategist Bhanu Baweja joins the show to discuss why he believes markets may be due for "a reality check." Compounding the financial strain on consumers, the Energy Information Administration (EIA) reports that gas prices could increase by $0.10 this summer, prompting an examination of the state of the consumer. The show covers several trending tickers, including Deere & Company (DE), which lowered its full-year profit guidance, GameStop (GME), which experienced a slump amid the slowing meme trade frenzy, and Canada Goose (GOOS), which beat fourth-quarter profit expectations. This post was written by Angel Smith
- Yahoo Finance Video
John Deere stock drops on lowered full-year profit forecast
Shares of Deere & Company (DE) are dipping as the farming equipment manufacturer lowered its full-year profit forecast to $7 billion from a previous range of $7.50 billion to $7.75 billion. The US Department of Agriculture forecasts that 2024 net farm income will total $116.1 billion, a 25.5% year-over-year decline. Market Domination's Julie Hyman and Josh Lipton discuss a potential deterioration in the global agricultural space. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino and updated by Luke Carberry Mogan.
- PR Newswire
Deere Reports Second Quarter Net Income of $2.370 Billion
Deere & Company (NYSE: DE) reported net income of $2.370 billion for the second quarter ended April 28, 2024, or $8.53 per share, compared with net income of $2.860 billion, or $9.65 per share, for the quarter ended April 30, 2023. For the first six months of the year, net income attributable to Deere & Company was $4.121 billion, or $14.74 per share, compared with $4.819 billion, or $16.18 per share, for the same period last year.
