John Deere stock drops on lowered full-year profit forecast
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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 ...
May 16, 2024
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