John Deere announced their announced their reported second quarter earnings report late Friday afternoon. The agricultural equipment giant’s were down 28% compared to last year which translates to a difference of just under 200 Million dollars. CEO Samuel R. Allen said the report reflected the continuing impact of the downturn of the global farm economy and further weakness in the construction equipment sector, but added that although results are down, John Deere is performing at a much higher level than in previous downturns.
