InvestorsHub Logo
Followers 154
Posts 15663
Boards Moderated 4
Alias Born 01/30/2007

Re: None

Wednesday, 05/20/2009 9:52:36 PM

Wednesday, May 20, 2009 9:52:36 PM

Post# of 14996
Deere cuts estimates:

http://finance.yahoo.com/news/Deere-2Q-profit-tumbles-38-apf-15310160.html?.v=17

"""As a result, the Moline, Ill.-based company cut its 2009 net income forecast to $1.1 billion, down from $1.5 billion expected in February and almost $2 billion predicted late last year."""

"""Construction and forestry sales are expected to drop about 42 percent, hit by historically low levels of construction in the United States. Deere also predicts lower profit from its credit business."""