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Deere 2Q profit falls, sales outlook cut

Deere reported a 9.5 percent decline in second-quarter net income Wednesday on lower demand for farming equipment and cut its sales forecast for the year.

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FILE - In this Sept. 11, 2014 file photo, a John Deere tractor is on display behind a man wearing a John Deere cap at the annual Husker Harvest Days agriculture fair in Grand Island, Neb. Deere & Company reports quarterly earnings on Wednesday, May 14, 2014. (AP Photo/Nati Harnik, File)
Photo by Associated Press
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