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Deere post lower second quarterly results on weak global farm economy

Deere & Co posted lower quarterly earnings on Friday as the weak global agricultural economy dragged on farming and construction machinery sales.

Deere & Co posted lower quarterly earnings on Friday as the weak global agricultural economy dragged on farming and construction machinery sales.

Net income attributable to Deere fell to $495.4 million, or $1.56 per share, in the second quarter ended on April 30 from $690.5 million, or $2.03 per share, a year earlier. 

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