John Deere will get ready for the long holiday weekend in the usual way tomorrow, by releasing financial results for its fourth quarter and for the fiscal year. As reported by Yahoo Finance, analysts who follow the company predict sales and revenue will total 23 billion dollars compared with 25.7 billion a year ago, a drop of 10%.
They also predict earnings per share will fall 26% from last year to $4.26 from $5.77. Revenue and profits have been lower than 2015 due to the global farm recession and weakness in construction, but all along the company has emphasized it's still profitable.
