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Deere & Company (NYSE: DE) reported the latest results for the fourth-quarter ending October 29, 2023 and full fiscal 2023 before the market opens in the US on Wednesday. The American manufacturer of farm machinery and industrial equipment beat Wall Street estimates for the fourth-quarter but fell short on future outlook expecations.
“Deere’s fourth-quarter and full-year results can be attributed to the successful execution of our Smart Industrial Operating Model and the value that customers recognize in our industry-leading products and solutions,” John C. May, CEO of Deere said in a statement.
“We must also recognize and credit our dedicated employees, dealers, and suppliers, whose hard work and focus have been instrumental to our overall success,” May added.
The stock was down by around 3% on Wednesday despite beating analyst estimates for the previous quarter due to future outlook.
Deere & Company stock price targets
Deere & Company is the 126th largest company in the world with a market cap of $106.07 billion.
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Sources: Deere & Company, TradingView, MarketWatch, Benzinga, CompaniesMarketCap, FactSet
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