Deere trims earnings forecast on trade war woes

) third-quarter earnings on Friday missed Wall Street estimates, hurt by the U.S.-China trade war that has dented the demand for its farm machines, forcing the company to revise down its full-year profit and sales growth forecasts.

China imported $9.1 billion of U.S. farm produce in 2018, down from $19.5 billion in 2017, according to the American Farm Bureau. Deere said industry sales of agricultural equipment to be about the same as last year in the United States and Canada, which account for 60% of its overall business. Sales in the region were earlier projected to be flat to up 5% earlier.

Trade wars are fun and easy to win...

Worldwide trade war woes. Try saying that three times.

Trump = WINNING!!

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Stocks making the biggest moves premarket: Deere, Nvidia, GE, Facebook, Capital One & moreThese are the stocks posting the largest moves before the bell. No they are not a good investment at all. They will crash and can be hacked and only a sick nosey body wants to sit and watch them all day. Fed Ex is the best investment at this time I just woke .Ill tell more later GE is going to tank like insane....
Källa: CNBC - 🏆 12. / 72 Läs mer »