BofA/Merrill Lynch Upgrades Deere (DE) to Neutral

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Go back to BofA/Merrill Lynch Upgrades Deere (DE) to Neutral

Deere Announces Second-Quarter Earnings of $690 Million

May 22, 2015 7:00 AM EDT

- Slowdown in global farm economy leads to lower sales and earnings.

- Well-rounded business lineup supports performance.

- Results aided by solid execution and cost management.

- Full-year earnings forecast increased to $1.9 billion.

MOLINE, Ill., May 22, 2015 /PRNewswire/ -- Net income attributable to Deere & Company (NYSE: DE) was $690.5 million, or $2.03 per share, for the second quarter ended April 30, compared with $980.7 million, or $2.65 per share, for the same period last year.

For the first six months of the year, net income attributable to Deere & Company was $1.077 billion, or... More