On Friday, Shares of Deere & Company (NYSE:DE), lost -8.12% to $83.29.
Net income attributable to Deere & Company (DE) was $511.6 million, or $1.53 per share, for the third quarter ended July 31, contrast with $850.7 million, or $2.33 per share, for the same period last year.
For the first nine months of the year, net income attributable to Deere & Company was $1.589 billion, or $4.67 per share, contrast with $2.513 billion, or $6.79 per share, last year.
Worldwide net sales and revenues reduced 20 percent, to $7.594 billion, for the third quarter and were down 18 percent, to $22.147 billion, for nine months. Net sales of the equipment operations were $6.840 billion for the quarter and $19.843 billion for nine months, contrast with $8.723 billion and $24.918 billion for the periods last year.
Deere & Company, together with its auxiliaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company’s Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, counting large, medium, and utility tractors; loaders; combines, corn pickers, cotton and sugarcane harvesters, and related front-end equipment and sugarcane loaders; and tillage, seeding, and application equipment, counting sprayers, nutrient administration, and soil preparation machinery.
Shares of Transocean Ltd. (NYSE:RIG), declined -2.44% to $12.78, during its last trading session, as a barrel of U.S. crude oil fell below $40 per barrel for the first time since the end of the global economic crisis, according to AP.
The world’s biggest oil producers are getting hit by falling prices and pessimism about China and other economies that have not recovered from the recession like the U.S. has. AP added.
Almost all oil companies, from Exxon Mobil to BP PLC, have cut spending on exploration in anticipation of a prolonged period of lower prices. Over the past 12 months, Chevron shares have lost nearly 40 percent, while Exxon shares are down 26 percent. Companies that primarily drill for oil onshore in the U.S., such as Continental Resources, have suffered even steeper declines. AP Reports
Transocean Ltd., together with its auxiliaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services.
Finally, Lowe’s Companies Inc. (NYSE:LOW), ended its last trade with -2.83% loss, and closed at $71.11.
The Board of Directors for Lowe’s Companies has declared a quarterly cash dividend of twenty eight cents ($0.28) per share, payable November 4, 2015, to shareholders of record as of October 21, 2015.
Lowe’s Companies, Inc. operates as a home improvement retailer. The company offers products for maintenance, repair, remodeling, and home decorating.
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