Deere earnings rise; global revenues up 17 percent
BUSINESS RECORD STAFF Nov 21, 2018 | 8:59 pm
<1 min read time
106 wordsAll Latest News, ManufacturingDeere & Co. today reported net income of $784.8 million for the fourth quarter ended Oct. 28, or $2.42 per share, compared with $510.3 million, or $1.57 per share, for the quarter ended Oct. 29, 2017. For fiscal 2018, net income attributable to Deere was $2.368 billion, compared with $2.159 billion in 2017. Fourth-quarter results included a favorable net adjustment to income taxes of $37 million, while the full year reflected an unfavorable net income tax expense of $704 million. Worldwide net sales and revenues increased 17 percent, to $9.416 billion, for the fourth quarter and rose 26 percent, to $37.358 billion, for the full year.
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