Deere & Co. Q2 profit dives 38% on weak sales

05/20/2009 | Google · Reuters

Deere & Co. reported a net profit of $472.3 million for the second quarter, a 38% drop compared with the second quarter last year. Sales at the equipment manufacturer fell 17% to $6.75 billion. Deere also cut its 2009 net income estimate to $1.1 billion from a previous forecast of $1.5 billion.

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