Deere & Company (DE) reported fiscal 2024 fourth-quarter results that topped estimates, even as the maker of farm equipment warned of "ongoing headwinds."  

The maker of tractors and lawn mowers posted revenue of $11.14 billion, down 28% year-over-year, and 澳洲幸运5官方开奖结果体彩网:net income that plunged 47% to $1.25 billion.

Still, the results beat consensus forecasts of analysts polled by Visible Alpha, who ⛎were looking for $10.68 billion and $1.05 billion, respectively.

CEO Notes 'Significant Market Challenges This Year'

"Amid significant market challenges this year, we proactively adjusted our business operations to better align with the current environment," 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) John May said. 

May also noted that the company is navigating "ongoing headwinds across our markets."

The company expects fiscal 2025 net income of $5.🉐0 billion to $5.5 billion, down from the $7.1 billion it generated in fiscal 2024. Analysts are for๊ecasting $5.89 billion, per Visible Alpha.

Deere shares, which entered the day up just 1% this year, rose 6% in recent trading.