While CNH surprised many analysts with its fourth quarter and year-end earnings report on January 25, its financial outlook for 2010 remains hazy at best.
According to the analyst, Deere expects its worldwide sales and North American markets to deteriorate by 4% and 10%, respectively, but he expects Cervus to perform slightly better than its major equipment supplier.
Strong U.S. unit sales of combines in August (+38.1%) weren’t enough to offset the overall revenue loss caused by the 27% drop in tractor sales, according to JP Morgan’s proprietary revenue model.
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In this episode of On The Record, we examine Deere’s Population of 20-Store Dealers On the Rise. In the Technology Corner, we take a look at Carbon Robotics Developing New “Thinning” Function for LaserWeeder. Also in this episode: AGCO & Kubota Sign Right to Repair MOUs, Deere Reports Rising Large Ag Price Realization - Lower Production Costs and Dealers’ Most Pressing Concerns.