Deere & Company (NYSE: DE) reported its financial results for the quarter ended May 3, 2020, on Friday before the market opens. The results exceeded analysts’ expectations.
Deere posted a 41% dip in earnings for the second quarter of 2020 due to lower revenues. The company recorded impairments related to certain fixed assets, operating lease equipment, and a minority investment in a construction equipment company headquartered in South Africa.
The company expects earnings to be in the range of $1.6-2 billion for the full year. However, many uncertainties remain regarding the effects of the COVID-19 global pandemic that could negatively affect the company’s results and financial position in the future.
Micron Technology Inc. (NASDAQ: MU) Thursday said its fourth-quarter profit declined from last year, hurt by a sharp fall in revenues. Earnings, however, beat the market’s projection. On an adjusted
Shares of Philip Morris International Inc. (NYSE: PM) were down 1% on Thursday. The stock has dropped over 9% year-to-date. Although the tobacco industry has felt the pinch of inflation,
CarMax, Inc. (NYSE:KMX) reported second quarter 2023 earnings results today. Net revenues rose 2% year-over-year to $8.1 billion. Net earnings were $125.9 million, or $0.79 per share, compared to $285.2 million,