BMO Capital Upgrades Deere (DE) to Outperform
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Deere Announces Second-Quarter Earnings of $495 Million
May 20, 2016 6:45 AM EDTMOLINE, Ill., May 20, 2016 /PRNewswire/ -- Net income attributable to Deere & Company (NYSE: DE)Â was $495.4 million, or $1.56 per share, for the second quarter ended April 30, compared with $690.5 million, or $2.03 per share, for the same period last year.
For the first six months of the year, net income attributable to Deere & Company was $749.8 million, or $2.36 per share, compared with $1.077 billion, or $3.14 per share, last year.
Worldwide net sales and revenues decreased 4 percent, to $7.875 billion, for the second quarter and declined 8 percent, to $13.400 billion, for six months. Net sales of the equipment... More
