Deere 2Q Profit Falls; Projects Sales Drop - Presented by: The Aol. On Network

Deere is reporting a 9.5 percent decline in second-quarter net income on lower demand for farming equipment. With farmer income projected to decline, Deere says sales of agriculture and turf equipment could fall about 7 percent this year. The company expects a 4 percent drop in equipment revenue for fiscal 2014, the same decrease it's expecting for the current quarter.



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