Home
Markets
EquipmentMart
Ads/Auctions
Weather
News
Radio
ILFB.org
Blogs
FarmWeekNow
FWNow by E-mail
FarmWeek Mobile
Contact Us
Main Markets
Cash Strategist
DDG/Energy Page
Submit Classified Ad
FW Classifieds
Auctions
Watch Us Grow
Main News
Cropwatchers
Main Radio
Staff
Affiliates
About RFD Radio
Standing Out in the Field
Tweet
Post to Your Wall.
Deere sees slower growth ahead
The drought and slower global growth are blamed for the downturn in earnings.
Compiled by staff
Published: Aug 15, 2012
A slowing global economy and the effects of a prolonged U.S. drought caught up to Deere & Co. in its fiscal third quarter, as its net income rose 11 percent but fell well short of Wall Street's expectations.
Deere cut its revenue prediction for the year, and investors reacted swiftly. Shares dropped more than 5 percent before the opening bell.
The ongoing drought in the Midwest, a stronger dollar and costs to introduce a slew of new products hurt the world's largest producer of agricultural equipment.
The Quad Cities-based company, said Wednesday that it earned $788 million, or $1.98 per share for the quarter ended July 31, compared with $712.3 million, or $1.69 per share for the same period last year.
Permalink:
Click here
Comments
Read comments from others and share your own thoughts.
Please provide the answer to the following question:
=
Search this site:
Read More Stories
Cash soybean basis levels fall for third day
Some soybean processors are beginning to price beans out to the August and November contracts.
Read this story
Senators reject efforts Tuesday to change Senate farm bill
The Senate will resume debate today on a five-year farm bill after a day of action Tuesday that included lawmakers rejecting dueling amendments over the Supplemental Nutrition Assistance Program (SNAP), as well as working through other amendments.
Read this story
Southern Illinois wheat crop in generally good shape
Tour participants say they expect the state's winter wheat crop to average 61.6 bushels per acre.
Read this story
Today
Week
Month
IAITC adapting to meet new math, science, English standards
Southern Illinois wheat crop in generally good shape
New class selected for Cultivating Master Farmers
Senators reject efforts Tuesday to change Senate farm bill
Cash soybean basis levels fall for third day
Illinois farmland values keep going higher
FarmWeek for May 20
NASS will survey Illinois farmers in June for major reports
Rainy week ahead for Illinois farmers
State treasurer to sponsor youth ag photo contest
Top 50
Tags
VISIT THE ILLINOIS FARM BUREAU WEBSITE
/
ABOUT ILLINOIS FARM BUREAU
Powered by iNet Solutions Group ©2013 All rights reserved.