Deere & Company reported net income of $ 498.5 million for the first quarter of fiscal 2019. Results are impacted by higher material and logistics costs as well as customer uncertainty due to tariffs and trade restrictions, said Chairman and CEO of Deere & Company, Samuel R. Allen. They are leading to a reluctance to buy. At the same time, sales of John Deere construction and forestry machinery continued to rise sharply. According to its own estimates, the company's machine sales in 2019 are expected to increase by approx. 7% compared ...
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