Deere fiscal Q4 net earnings drop 18%

11/30/2008 | Reuters · Telegraph Herald (Dubuque, Iowa), The

Deere & Co. posted net earnings of $345 million for the fiscal fourth quarter, a drop of 18% from $422.1 million in the same period last year. Equipment sales rose 24% in the fourth quarter, but profits decreased because of a stronger dollar overseas and a higher tax rate. The equipment maker released earnings guidance of $1.9 billion for fiscal 2009.

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Reuters · Telegraph Herald (Dubuque, Iowa), The

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