Deere & co reports qtrly earnings per share $1.63

Full-year earnings forecast unchanged..qtrly earnings per share $1.63.u.s. farm sector shows early signs of stabilization.qtrly net sales and revenue $7.63 billion versus $7.98 billion.voluntary employee-separation program’s total pretax expense recognized in q1 2020 was $127 million.farmer confidence, though still subdued, improved due in part to hopes for relaxation of trade tensions & higher agricultural exports.deere - activity in construction sector slowed leading to lower sales & profit for construction & forestry division in quarter.deere’s worldwide sales of agriculture and turf equipment are forecast to decline 5 to 10 percent for fiscal-year 2020.qtrly agriculture & turf net sales $4,486 million versus $4,681 million.deere’s worldwide sales of construction and forestry equipment are anticipated to be down 10% to 15% for 2020.qtrly construction & forestry net sales $2,044 million versus $2,260 million.fy2020 earnings per share view $9.41 -- refinitiv ibes data.sees fiscal 2020 equipment operations cap ex of about $1.1 billion.businesses are affected by spread of major epidemics (including coronavirus) and responses to epidemics.
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