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RSS FeedsJohn Deere, farmers feel effects of trade war with China, earnings down
(WorldNews Politics)

 
 

18 may 2019 19:35:21

 
John Deere, farmers feel effects of trade war with China, earnings down
(WorldNews Politics)
 


When we read about farmers feeling the pinch in their profits due to the trade war with China, we think of farms and crops. A part of the economic story sometimes overlooked is that of companies who depend on agricultural sales, the companies that service farm communities, like Deere & Co. It was announced Friday that the company’s quarterly earnings missed Wall Street expectations. The agricultural equipment manufacturer is feeling the effects of the trade war between the U.S. and China. Since the beginning of the year, Deere stocks have declined 2% and nearly 1% in the past twelve months. The agricultural equipment manufacturer posted revenue of $11.34 billion in the period. Its...


 
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