National Ag News
Deere earnings down, cost management improves profits
Feb 17, 2017, 17:30 PM
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System
Deere and Company’s first quarter income is down, but CEO Samuel Allen says despite lower earnings, the company is profitable because of cost management. He also says that Deere is seeing signs that key agricultural markets may be stabilizing. The company’s income for the quarter was near $194 million compared with $254 million a year ago. Fewer price discounts resulted in Deere’s profits for the quarter increasing from $214 million a year ago, to $247 million.
Continue reading Deere earnings down, cost management improves profits at Brownfield Ag News.
