• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Agriculture / John Deere reports drop in income

John Deere reports drop in income

August 19, 2009 By admin

Quad Cities-based John Deere reports a big drop in its third quarter income today. Deere is reporting worldwide net income for the quarter of $420-million, which is down from 575-million in the same quarter last year.

For the quarter, global net sales and revenues fell 24%. The company says its the largest expected single-year sales decline in at least 50 years. For the first nine months of the fiscal year, Deere had net income just over a billion dollars, a drop of more than 600-million compared to a year ago.

Deere says its farm machinery sales in the U.S. and Canada are expected to be down slightly for the year, with declines up to 15% forecast for western Europe.

 

Share this:

  • Facebook
  • Twitter

Filed Under: Agriculture, Business

Featured Stories

Final employee who was there at the launch of the Iowa Lottery to retire

No more USPS mail in Iowa prisons; inmates to get copies of mail

State officials warn of influx of fake prescription drugs laced with fentanyl

‘Brain-eating amoeba’ discovered in Taylor County lake

Cedar Rapids therapist’s relationship with student leads to years in prison

TwitterFacebook
Tweets by RadioIowa

Hutchinson calls Iowa State a perfect fit

Northern Iowa’s Farley touts new practice facility

First minor league game gets things started tonight at Field of Dreams site

Knoxville set to host sprint car racing’s biggest event

Iowa State basketball builds on its identity

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2022 ยท Learfield News & Ag, LLC