Deere Announces Record Sales For Second Quarter - News and Weather For The Quad Cities -

Deere Announces Record Sales For Second Quarter

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Deere & Company announced record sales for the second quarter of 2013.

On Wednesday, May 15, 2013, the company reported net income for the quarter was $1.084 billion, or $2.76 per share, compared with $1.056 billion, or $2.61 per share, for the same period last year.

The company says this constitutes a new single-quarter record for the period ending April 30.

Deere's worldwide net sales and revenues increased 9 percent, to $10.914 billion, for the second quarter and rose 9 percent to $18.335 billion for six months.

Net sales of the equipment operations were $10.265 billion for the quarter and $17.058 billion for six months, compared with $9.405 billion and $15.524 billion for the periods last year.