John Deere's Earnings Review: Weakness In Agriculture & Construction Equipment To Persist FOr Now

The continuing downturn in the global agriculture industry along with the weakening of construction equipment market has been impacting the performance of John Deere for the last few quarters and Q2 2016 was no different (fiscal year for Deere ends in October). On the positive side, the rate of decline (year-over-year) in Deere’s global equipment operations net sales slowed down to 4% in Q2 2016 compared to 15% in Q1 2016. The equipment sales came in above the company guidance (of an 8% declin...