An improved 2010 revenue forecast prompted an analyst to slightly increase his profit estimate for Deere & Co. Friday, although he warned that the farm equipment manufacturer could be hurt by reduced demand and the weak dollar.
Stocks posted modest gains Wednesday, but it was enough to propel the Dow and S&P to new 13-month closing highs, as economic data buoyed recovery hopes.
Wednesday, 25 Nov 2009 | Source: The Associated Press
Deere and Co. lost $223 million in the fourth quarter, reflecting big charges and a 28 percent slump in sales as demand for tractors, combines and construction equipment sagged.
Wednesday, 25 Nov 2009 | Source: The Associated Press
Deere and Co. says sales of tractors, combines and other agricultural mainstays slumped in the fourth quarter and it expects farmers to remain cautious about new equipment purchases because of the weak global economy.
Deere & Co, the world's largest maker of tractors and harvesters, reported a quarterly net loss on Wednesday on weak equipment sales and a series of one-time charges.
US stock index futures climbed further Wednesday after a batch of data signaling that the US economy was building on strength but also that the recovery would be gradual.
Tuesday, 24 Nov 2009 | Source: The Associated Press
Deere & Co., the world's largest maker of farm equipment, reports earnings for its fiscal fourth quarter on Wednesday before the market opens. Below is a summary of key developments and analyst opinion related to the period.
Monday, 23 Nov 2009 | Source: The Associated Press
Shares of Deere & Co. jumped Monday as a Morgan Stanley analyst upgraded the world's largest farm machinery manufacturer on rising demand and higher corn prices.
Stock futures are up this morning on the continued weakness in the dollar and a flurry of economic data before the Thanksgiving Day holiday.... Read More