Nov. 24, 2010 at 4:53 p.m.
Filed under:
Agriculture/Farming,
Earnings
By Reuters
Deere & Co. reported a stronger-than-expected quarterly profit on Wednesday as sales of its tractors and harvesters in North America and other markets offset continued poor demand in Europe.
The world’s largest maker of farm equipment offered a cautious preliminary forecast for 2011 that fell short of Wall Street’s forecasts, however, sending its shares lower in premarket trading. It warned that the coming year would be complicated, with a record number of new model introductions as a result of new, more stringent emissions standards in many markets. Get the full story »
Nov. 18, 2010 at 5:05 p.m.
Filed under:
Agriculture/Farming
By Reuters
Farmland values in the U.S. Midwest, one of the world’s top grain growing regions, jumped 10 percent in the third quarter compared to a year ago due to rising agricultural prices and the low cost of money, the Federal Reserve Bank of Chicago said on Thursday. Get the full story »
Aug. 18, 2010 at 1:45 a.m.
Filed under:
Agriculture/Farming,
Earnings
By Reuters
Deere & Co reported stronger-than-expected quarterly results but warned of growing weakness in Western Europe and offered a disappointing forecast that sent its shares lower on Wall Street.
The company, the world’s largest maker of agricultural equipment, cut its outlook for Europe, saying an abundance of used equipment in the region and lingering concerns about its economic prospects were hurting sales. Get the full story »
