Deere & Co (DE) reported fourth quarter worldwide net loss of $222.8 million, or $0.53 per share, compared with net income of $345.0 million, or $0.81 per share, for the same period last year.
The company noted that affecting fourth-quarter 2009 results were charges of $364.8 million pretax and $321.8 million after-tax, or $0.76 per share, due to the previously announced impairment of goodwill related to the John Deere Landscapes reporting unit and voluntary employee-separation expenses associated with the formation of the new agriculture and turf division. Without the items, earnings for the quarter would have been $99.0 million, or $0.23 per share.
On average, 20 analysts polled by Thomson Reuters expected the company to report earnings of $0.03 per share. Analysts' estimates typically exclude special items.
Total net sales and revenues declined to $5.33 billion from $7.4 billion in the prior year quarter.
Thirteen analysts estimated revenues of $4.44 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.