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Deere quarterly profit rises 22 percent

reuters.com
May 14, 2008
        
Story Timeline:  191 days

CHICAGO (Reuters) - Deere & Co reported higher quarterly earnings on Wednesday as soaring crop prices boosted global demand for its agricultural equipment. The company, the world's largest maker of tractors and combines, said profit rose 22 percent to $763.5 million, or $1.74 a share, in the... [read full story]                    

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Deere Profits Rise

 theledger.com May 15, 2008
First article on this story:

Deere quarterly profit rises 22 percent

 earthtimes.org May 14, 2008
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Deere Profits Rise

theledger.com
May 15, 2008
        

Deere amp; Co., the world's biggest maker of farm machinery, said Wednesday its second-quarter profit rose 22 percent, propelled by lofty crop prices that stoked global demand for its farm equipment despite a faltering U.S. economy. But the Moline, Ill.-based company warned that rising costs of...

Farm equipment shares fall after Deere warns about rising raw material costs

canadianbusiness.com
May 14, 2008
        

NEW YORK (AP) - Shares of farm equipment companies fell Wednesday, after Deere & Co. reported a 22 percent jump in fiscal second-quarter profit, but warned that rising costs of raw materials could lower its profits over the coming months. The world's largest manufacturer of farm equipment posted...

                   

Deere second-quarter profit rises, but warns of cost trouble ahead

brandonsun.com
May 14, 2008
        

ST. LOUIS - Deere's chief financial officer, Deere said sales rose to $8.1 billion from $6.9 billion a year ago. The company said its sales outside North America soared 46 per cent during the quarter, dwarfing the six per cent jump of its sales in the U.S. and Canada. Analysts surveyed by Thomson...

Sector Snap: Deere outlook hits farm equipment shares

ibtimes.com
May 14, 2008
        

NEW YORK (AP) - Shares of farm equipment companies fell Wednesday, after Deere & Co. reported a 22 percent jump in fiscal second-quarter profit, but warned that rising costs of raw materials could lower its profits over the coming months. The world's largest manufacturer of farm equipment posted...

                   

Deere profit higher, but outlook disappoints

earthtimes.org
May 14, 2008
        

CHICAGO (Reuters) - Deere & Co reported higher quarterly earnings on Wednesday as soaring crop prices boosted global demand for its agricultural equipment, but the company's forecast for the rest of the year disappointed Wall Street and its shares fell 9 percent.

                   

Deere profit higher, but outlook disappoints

reuters.com
May 14, 2008
        

CHICAGO (Reuters) - Deere & Co reported higher quarterly earnings on Wednesday as soaring crop prices boosted global demand for its agricultural equipment, but the company's forecast for the rest of the year disappointed Wall Street and its shares fell 9 percent.

Deere, Oh Dear

forbes.com
May 14, 2008
        

Despite benefits from the declining dollar and a high demand for farming equipment as ethanol production increases, Deere & Co. couldn't meet analyst expectations and sent investors fleeing from what they thought was a strong company in the down market. Shares of Deere & Co. dropped 8.1%, or...

Deere In Demand Overseas

forbes.com
May 14, 2008
        

While most of the world suffers from record food prices and a slowing U.S. economy, Deere & Co. is in high demand to produce the farming equipment necessary to get the food to the masses. Before the bell on Wednesday, the Moline, Ill.-based equipment manufacturer reported revenues of $8.1 billion...

Steel Kills Deere

forbes.com
May 14, 2008
        

Commodities have been a double-edged sword for Deere & Co in the last quarter; the rising cost of crops has sent the demand for the farming equipment makers through the roof, but the rising cost of steel is leaving the company to worry about parts it may need for its machines. Shares of Deere &...

Global demand lifts farm machinery maker Deere's 2Q profit by 22 pct, warns of cost pressures

iht.com
May 14, 2008
        

Deere & Co., the world's biggest maker of farm machinery, said Wednesday its second-quarter profit rose 22 percent, propelled by lofty crop prices that stoked global demand for its farm equipment despite a faltering U.S. economy. But the Moline, Illinois-based company warned that rising material...

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