Deere & Company Reports Falling Sales, Earnings in Fiscal Q2

The farm equipment giant's weaker results reflect challenging macroeconomic conditions for the agriculture industry.Deere & Company (DE 0.66%), a leading manufacturer of agricultural, construction, and forestry machinery, released its fiscal 2024 second-quarter financial results on May 16. For the period, which ended April 28, net income fell 17% year over year to $2.4 billion, while revenue dropped 12% to $15.2 billion. Despite these challenges, the company reiterated its commitment to its strategic initia ...