Deere reports decrease in quarterly earnings
"Production would be cut back in the 4th quarter to meet current market demand. That's not anything new for us. We have said we’re committed to always cutting production to market levels.”
But Golden says other divisions like construction and forestry are benefitting from growth in the US economy. Deere has revised its full-year earnings projection to $3.1 billion dollars, compared to its spring prediction of $3.3 billion.