Agricultural and construction machinery company Deere (NYSE:DE) reported Q1 CY2025 results topping the market’s revenue expectations, but sales fell by 6.2% year on year to $12.76 billion. Its GAAP profit of $6.64 per share was 17.8% above analysts’ consensus estimates.
On a per-share basis, the Moline, Illinois-based company said it had net income of $6.64. The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $5.68 per share.
KITCHENER, Ontario (AP) — Canadian Solar Inc. CSIQ) on Thursday reported a loss of $34 million in its first quarter. On a per-share basis, the Kitchener, Ontario-based company said it had a loss of 69 cents.
(Reuters) -The S&P 500 teetered between gains and losses in a choppy session on Thursday as elation from the U.S.-China tariff truce tapered off, with UnitedHealth among the biggest losers after a report said the DoJ was investigating the insurer for fraud. UnitedHealth Group plunged 15% to a five-year low, dragging on other health insurers such as Humana and Molina Healthcare. The Wall Street Journal reported that the U.S. Department of Justice was conducting a criminal investigation into the company for possible Medicare fraud.
HONG KONG (AP) — Alibaba Group Holding Ltd. (BABA) on Thursday reported fiscal fourth-quarter net income of $1.71 billion. On a per-share basis, the Hong Kong-based company said it had profit of 71 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to $1.73 per share.
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