Deere & Co. profits fall

Deere & Co. posted earnings of $690.5 million, or $2.03 per share, for its second quarter ended April 30, down nearly 30 percent from $980.7 million, or $2.65 per share, a year earlier, according to Reuters.

Analysts expected earnings of $1.55.

Revenue for the quarter dropped nearly 18 percent to $8.2 billion. However, it beat analysts' expectations of $7.53 billion.

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