John Deere Results Pressured by Soft Conditions in Farm and Construction

John Deere’s first quarter net income was down from a year earlier, but key agricultural markets show signs of stabilization.

Net income attributable to Deere & Company was $193.8 million, or $0.61 per share, for the first quarter ended January 29, 2017, compared with $254.4 million, or $0.80 per share, for the period ended January 31, 2016.

Worldwide net sales and revenues for the first quarter increased 2%, to $5.625 billion, compared with $5.525 billion last year. Net sales of the equipment operations were $4.698 billion for the quarter compared with $4.769 billion a year ago…

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