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Deere (A1/A/A+): 2Q24 Results

CAPITAL GOODS

Equity lower on net income guidance. Unlikely to impact credit.


• Revenue beat by 3%, 12% lower YoY. Operating profit beat by 7%, 20% lower YoY. Lower volumes as expected, but with slightly better pricing.

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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Equity lower on net income guidance. Unlikely to impact credit.


• Revenue beat by 3%, 12% lower YoY. Operating profit beat by 7%, 20% lower YoY. Lower volumes as expected, but with slightly better pricing.

Keep reading...Show less