Deere Warns Of Dreaded ‘Raw Materials Cost Pressures’ In Uninspiring Report

Deere Warns Of Dreaded ‘Raw Materials Cost Pressures’ In Uninspiring Report

Although dip-buying (which is dead, by the way) and sellers' fatigue may ultimately support the broader market on Wednesday, folks don't look particularly enamored with Deere's guidance. The company forecast 2019 net income of $3.6 billion which looks shy of estimates (~ $3.7 billion). Sales growth is expected to be 7% in 2019. Q4 adjusted EPS was $2.30 and Q4 net sales came in at $8.34 billion - that looks like a miss on both counts to me. (Bloomberg) I'm no Deere expert, but I'd be willi
Subscribe or log in to read the rest of this content.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints