Deere 4Q Profit Climbs, Beats Forecast
Deere & Co. 4th-Quarter Profit Rises 52 Pct on Strong Farm and Commercial Equipment Sales
Wednesday November 21, 9:38 am ET
MOLINE, Ill. (AP) -- Farm equipment maker Deere & Co. said Wednesday its fourth-quarter profit rose 52 percent as strong worldwide agricultural sales more than offset declines in other sectors from the U.S. housing slump.
Increased ethanol production helped fuel higher demand for farm equipment, pushing sales up 20 percent.
+++++++++
Sometimes it's very good to be Lime Green!
Dougster
Deere & Co. 4th-Quarter Profit Rises 52 Pct on Strong Farm and Commercial Equipment Sales
Wednesday November 21, 9:38 am ET
MOLINE, Ill. (AP) -- Farm equipment maker Deere & Co. said Wednesday its fourth-quarter profit rose 52 percent as strong worldwide agricultural sales more than offset declines in other sectors from the U.S. housing slump.
Increased ethanol production helped fuel higher demand for farm equipment, pushing sales up 20 percent.
+++++++++
Sometimes it's very good to be Lime Green!
Dougster