Deere and Company

State News
1:33 pm
Wed May 14, 2014

Deere earnings streak is over

After setting 15 quarterly earnings records in a row, the streak is over for Deere and Company. Wednesday, it reported second quarter profits declined 4% to $981 million. Earnings per share totaled $2.65 compared to $2.76 last year. Worldwide sales dropped nine percent to $9.9 billion from February through April.

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State News
6:55 am
Tue September 10, 2013

John Deere expanding in Brazil

Deere and Company is planning a major expansion in Brazil. Monday the company announced it will spend 40 million dollars to add production of another line of tractors, the 8-R, at its plant in the city of Montengro. 

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2:25 pm
Wed May 15, 2013

Deere and Company posts record earnings

Deere and Company set another earnings record in the second quarter, and it's also an all-time high for any quarter. Deere says net income totaled nearly $1.1 billion for February, March, and April, or $2.76 per share, compared to $2.61 a year ago.  Spokesman Ken Golden says agriculture and turf equipment sales rose 12 percent in the second quarter. But sales of construction and forestry equipment dropped five percent.

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