Deere Decline

Nov 26, 2014

Credit IPR's Pat Blank

Quad Cities based Deere and Company is reporting fourth-quarter earnings and revenue that beat expectations.

The agricultural and construction equipment manufacturer says earnings per share were $1.83 on revenue of $8.9 billion. That topped predictions of $1.57 on $7.75 billion in sales. 

But when compared with the previous year, the company's earnings and revenue both declined.  Deere officials say they don’t expect that trend to improve in 2015.

Deere expects sales to decline in  both its agriculture and turf equipment lines.

The company believes commodity prices will continue falling next year, a trend that’s been in place for most of 2014.