19.02.2016 - Shares of Deere & Co. declined after the publication of reports
Today Deere & Co. reported on its results for the 4th quarter of last year, according to which the profit for the period totaled 254.4 million dollars against 386.8 million dollars compared to Q4 2014. Revenue fell by 13% to 5.53 billion dollars. The reason for the decrease in sales according to the company was the deterioration of the situation in agriculture and the reduction in demand for construction machinery. During the year the company plans to receive 1.3 billion dollars in net profit. We expect the gradual decline in the company's share price by 7-10% in the coming months.