"John Deere's first-quarter performance reflected early signs of stabilization in the U.S. farm sector," CEO John May said in a statement.A Deere & Co. John Deere 9560 combine harvester unloads soft red winter wheat during a harvest in the village of Kirkland in Dekalb, Illinois, July 9, 2018.spiked Friday morning after the agriculture company topped estimates for its fiscal first quarter and said the farming sector in the United States is starting to stabilize.
"John Deere's first-quarter performance reflected early signs of stabilization in the U.S. farm sector," CEO John May said in a statement. Sales in the company's agriculture and turf segment were down 4% compared with the same quarter last year, but operating profit rose 7% segment. The company said operating profit grew in part due to lower production costs.
Thanks to hemp. $CWEB $CURA $PYX
Big earnings beat from Deere this morning. Deere shares are +6% in pre market trading in New York this morning. Stronger than expected earnings. DE was hit by the trade frictions the last two quarters. This is good news for markets and for global trade. USChinaTrade
more lying about the economy! the private and public sector does nothing but lie to Americans !
So farmers must think the subsidies will be long term so run up that debt. Need a tractor, charge it.
Hmmmm.... thought that the tariffs were killing farming ?
Bought by farmers, who thought things were going to get back to normal, after the trade war. Yet China is on lock down.