In the wake of mass layoffs at plants in, Dubuque, Waterloo and Moline in recent months, farm manufacturer John Deere is reporting a net income of $1.734 billion for the third quarter of 2024. In its 3rd quarter its third quarter in last year, Deere reported a $2.978 billion net income.
According to their report, Deere had a $6.29 price per share ending on July 28 – a decrease from $10.20 per share one year ago.
Worldwide net sales and revenue decreased 17 percent to $13.152 billion in the most recent quarter.
