John Deere: earnings fall less than expected.

(CercleFinance.com) - John Deere, a provider of equipment for agriculture and the construction sectors, has reported Q1 2016/17 earnings that were down 24% at 193.
8 million dollars, or 61 cents per share, against the consensus of 53 cents.

Revenues increased by 2% to 5.6 billion dollars, including equipment sales, which actually fell 1% to 4.7 billion dollars, with an 8% fall in North America being largely offset by an 11% increase in international markets.

“Deere's performance showed further benefits from the sound execution of its operating plans, the strength of a broad product portfolio and the impact of a more flexible cost structure,” said CEO Samuel Allen.

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