Deere Rocked By Bursting Of U.S. Farmland Bubble: Sales Miss, Profit Tumbles, Forecast Cut
August 21, 2015 at 10:22 AM EDT
Deere reported EPS of $1.53 which beat expectations modestly, if down 35% from a year ago, but missed on the top-line with revenues coming in weak at $6.84bn, vs consensus expectations of $7.17bn.
