Deere & Company (NYSE: DE) reported fourth quarter 2023 earnings results today.
Worldwide net sales and revenues decreased 1% year-over-year to $15.4 billion.
Net income attributable to Deere & Company was $2.36 billion, or $8.26 per share, compared to $2.24 billion, or $7.44 per share, last year.
For fiscal year 2024, the company expects net income of $7.75-8.25 billion.
Revenue and earnings beat estimates but guidance was lower than expected, causing the stock to fall 7% in premarket hours on Wednesday.
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