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Founded by John Deere in 1837, Deere & Co ... For the second quarter of Deere’s fiscal 2024, which ended Apr. 28, the company reported a net income of $2.37 billion or $8.53 per share, which ...
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Yahoo Finance Live anchors discuss fourth-quarter earnings for Deere & Company.
Deere & Company, doing business as John Deere (/ ˈ dʒ ɒ n ˈ d ɪər /), is an American corporation that manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment and lawn care equipment.
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The day after on Thursday, December 11, Deere's Board of Directors reduced stock dividends from 12.5₵ to 6.25₵ per share. The same day, the strike, at 111 days in length, became the longest the company had ever endured, a record Jim Hecker, a UAW representative, called "a dubious honor".
Since then, Deere stock is down almost 10%. With Deere stock at just 13x forward earnings, it’s clear that the market is unconvinced that its recent results will continue in the future.
With the Biden administration focused on American infrastructure and job growth, and market activity in flux in the face of a new inflation, many investors are looking for new places to stash their...