John Deere Reports Q2 Earnings
May 23, 2006
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Deere & Company announced worldwide net income of U.S. $744.6 million, or $3.13 per share, for the second quarter ended April 30, compared with $604.0 million, or $2.43 per share, for the same period last year. Income from continuing operations, which excludes the company's discontinued health-care business, was $517.0 million, or $2.17 per share, for the second quarter, versus $599.3 million, or $2.41 per share, last year.

For the first 6 months, net income was $980.5 million, or $4.11 per share, compared with $826.8 million, or $3.31 per share, last year. Six-month net income from continuing operations was $740.9 million, or $3.11 per share, compared with $814.3 million, or $3.26 per share, last year.

Worldwide net sales and revenues increased 2 percent to $6.562 billion for the second quarter, compared with a year ago, and increased 4 percent to $10.764 billion for the first 6 months.

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