BMO Capital Upgrades Deere (DE) to Outperform

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Go back to BMO Capital Upgrades Deere (DE) to Outperform

Deere Announces Second-Quarter Earnings of $495 Million

May 20, 2016 6:45 AM EDT

MOLINE, Ill., May 20, 2016 /PRNewswire/ -- Net income attributable to Deere & Company (NYSE: DE) 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