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Image Source: Deere & Company By Brian Nelson, CFA Deere & Company (DE) reported better than expected fiscal third quarter results on August 15 with revenue and GAAP earnings per share coming ahead of the consensus forecasts. Worldwide net sales and revenues fell 17% on a year-over-year basis, accelerating from the 11% fall through the first nine months of the year, but this was better than feared. Net income of $6.29 per share in the quarter fell from $10.20 per share in the quarter ended July 30, 2023. Net income dropped 42% on a year-over-year basis. Management’s commentary was cautious in the press release: John Deere’s third-quarter results showcase our disciplined execution in the face of challenging conditions in the … Read more