Deere & Co (NYSE:DE) shares are trading higher after the company reported third-quarter results and reaffirmed its net income 2024 outlook. The company’s net sales and revenue declined 17% year-over-year to $13.152 billion, beating the consensus of $10.944 billion. Production & Precision Agriculture net sales declined 25% Y/Y to $5.099 billion, Small Agriculture & Turf net sales fell 18% to $3.053 billion, and Construction & Forestry revenue declined 13% to $3.235 billion due to lower shipment volumes. Financial services revenues grew 21% year over year to $1.489 billion, and net income declined to $153 million from $216 million a year ago due to a higher provision for credit losses and less favorable financing spreads. According to CEO John ...