Deere Sales Decline

Deere & Company, the maker of John Deere construction equipment, tractors, and mowers, saw its third quarter sales and revenue decline. Sales for the first nine months of 2020 are down 12 per cent to $25.81 billion. It had net income of $811 million for the third quarter, declining nearly 10 per cent from a net income of $899 million for the same period a year ago. Net sales of the equipment operations were down 12 per cent to $7.9 billion for the quarter.