Deere says global uncertainty continues to weigh on customer sentiment

Says Deere’s (DE) performance continues to demonstrate ‘strong’ financial performance. Says company is positioned well to respond to inflections in market demand. Says order book ‘remain solid’. Says expects industry demand down 10% for U.S. and Canada Small Ag and Turf. Says ‘sentiment is trending favorably’ in Europe, expects AG and Turf industry demand flat to down 5%. Says expects industry sales for South America flat, for Asia flat to up 5%. Sees U.S. and Canada construction equipment industry demand down around 10%. Sees U.S. and Canada compact construction equipment demand flat to down 5%. Says global forestry markets are expected to remain flat to down 5%. Sees global roadbuilding flat. Comments taken from Q3 earnings conference call.