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...Farm production and construction activity globally have generally remained strong, which helped the maker of John Deere tractors on Friday report better than expected third-quarter results and raise its...
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...The Arkansas-based company’s results are closely followed as a gauge of the mood of US consumers, who have proven relatively resilient in the face of persistent inflation....
...“Deere is looking forward to another strong year in 2023, based on positive farm fundamentals and fleet dynamics as well as an increased investment in infrastructure,” said chief executive John May....
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...That beat analysts’ estimates of $12.78bn. Deere remained upbeat on customer demand for 2023 reporting strong demand through its early-orders programs, chief executive John May said....
...Former Arkansas governor Asa Hutchinson, a moderate Republican, said on Sunday he would join the race for president and called for Trump to drop out of the race now that he is indicted....
...The Arkansas-based company earned 88 cents per share in the three months to the end of December, which was below market estimates of $1.40 a share and far below last year’s first-quarter profit of $3.07...
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...“We believe demand for farm equipment will continue benefiting from positive fundamentals in spite of availability concerns and inflationary pressures affecting our customers’ input costs,” said John C May...
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