Deere says qtrly worldwide net sales and revenues fell 18% to $9.253 bln

Qtrly worldwide net sales and revenues decreased 18 percent, to $9.253 billion.full year net income forecast to be $1.6 billion to $2 billion, reflecting market uncertainties.in q2, recorded impairments totaling $114 million pretax and about $105 million after-tax.worldwide sales of agriculture and turf equipment are forecast to decline 10 to 15 percent for fiscal year 2020.deere - q2 impairments were related to some fixed assets, operating lease equipment, minority investment in construction equipment co in south africa.worldwide sales of construction and forestry equipment are anticipated to be down 30 to 40 percent for 2020.deere - q2 net sales of the equipment operations were $8.224 billion, down 20%.qtrly agriculture & turf sales fell 18% to $5.97 billion.deere - q2 construction & forestry sales $2.256 billion, down 25%.qtrly construction & forestry sales down 25% to $2.26 billion.deere - in agriculture & turf, south american industry fy 2020 sales of tractors and combines projected to be down 10%-15%.sees 2020 capex of $870 million.q2 revenue view $7.69 billion -- refinitiv ibes data.
DE Ratings Summary
DE Quant Ranking