Deere & Company (DE)

Deere & Co. said Wednesday that it had a fiscal fourth-quarter net loss of $222.8 million, or 53 cents a share, compared with profit of $345 million, or 81 cents, a year earlier. Sales fell 28 percent to $5.33 billion in the quarter ended Oct. 31. The net loss included a $321.8 million charge related to a decline in the value of the landscape supply business and to give the voluntary separation packages. Excluding those items, profit was 23 cents a share.
Company reported full-year earnings of $873 million and said its financial condition remains strong.

Nov 25 · 12:28:00 PM · Source: Company News Release
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by Larry Etter