Deere & Co income
25 May 2001
Deere & Co income
DEERE and Company has reported a world-wide net income of $127.8m for the second quarter ending Apr 30 and $184.2m for the first six months of 2001.
This compares with a net income of $204.3m and $242m for the same periods last year.
"Our second quarter results reflect the general economic slowdown and continued weakness in majority markets," says Robert Lane, chairman and chief executive officer. "We have responded quickly to these difficult conditions by reducing production schedules which will have a negative impact on earnings for the rest of the year." *
See more