Comment on Deere's profit tops forecasts even as its sales fall sharply

Deere's profit tops forecasts even as its sales fall sharply

(AP) — Even though sales of its green tractors, bulldozers and other equipment fell sharply, Deere & Co. reported better-than-expected fourth-quarter earnings as it cut costs. The Moline, Illinois-based company also posted an earnings outlook for the year that surpassed Wall Street expectations. Deere has been hurt by weak commodity prices which have made farmers less likely to buy new equipment. [...] falling oil prices has hurt sales of its construction equipment. For the quarter ending Oct.

 

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