Deere 2Q Profit Falls 38%
May 21, 2009
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Deere & Co. reported a 38% drop in its fiscsal 2Q 2009 profit. It also cut its 2009 profit outlook by 27%. The company earned US$472.3 million for 2Q 2009. Revenue fell 17% percent to $6.75 billion. Equipment sales fell 8% in the United States and Canada. Deere's commercial and consumer division reported a 24% percent decline.

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