Deere announces increased net income for year
Deere announces increased net income for year
Deere & Co. announced today that it had a record net income of $2.8 billion for fiscal year 2011, or $6.63 per share, up from $1.9 billion, or $4.35 per share, the previous year. The results were helped by a net income of $669.6 million, or $1.62 per share, in the fourth quarter ended Oct. 31, compared with $457.2 million, or $1.07 per share, in the same period a year earlier. Worldwide net sales and revenues increased 23 percent for the year to $32 billion.
Deere & Co. announced today that it had a record net income of $2.8 billion for fiscal year 2011, or $6.63 per share, up from $1.9 billion, or $4.35 per share, the previous year.
The results were helped by a net income of $669.6 million, or $1.62 per share, in the fourth quarter ended Oct. 31, compared with $457.2 million, or $1.07 per share, in the same period a year earlier.
Worldwide net sales and revenues increased 23 percent for the year to $32 billion.
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