Colosseum a.s. (Colosseum a.s.)
Commodities  |  August 15, 2012 17:53:28

Largest producer of agricultural machinery expects lower profit

ColosseumDeere Company andamp; Company (DE), the largest producer of agricultural machinery in the world today, said that in this fiscal year, which ends on 31 October, profit reached 3.1 billion USD. So far predpokladala company profit and 3.35 billion estimate of analysts was at 3.33 billion USD. This is due to weaker demand for strojoch in Argentina and India. In the three months to the end of July has seen the company grow interannual revenues by 16% to 8.93 billion USD, while the expected increase of 25 percent. Today's share price drops by 8 percent to $ 73.9.

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